What is the full form of BM?
- on Jun 12, 2022
BM stands for Bermuda.
|Category||Regional » Countries|
What is BM?
Bermuda is an offshore island country located in the North Atlantic Ocean, about 2,100 miles east of Miami. The island is about 100 square miles in size and had a population of about 81,000 as of 2016.
The official currency of Bermuda is the Bermudian dollar, which is pegged to the US dollar. The Bermudian dollar is also accepted as legal tender in other countries that have a trade agreement with Bermuda.
Bermuda has a complex financial system, with multiple currencies and banknotes. The main currency in Bermuda is the Bermudian dollar, but there are also British pounds, US dollars, Canadian dollars, and Euros. Banknotes are printed in both Bermuda and foreign currencies.
Bermuda has a free trade agreement with the United States. This treaty allows US citizens to live and work in Bermuda without any restrictions. US businesses can also establish branches in Bermuda.