Talk:Bermudian dollar

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[edit] Name Change

User Chochopk recently moved this article from "Bermuda dollar" to "Bermudian dollar". Some comments: the term "Bermudian dollar" has little colloquial usage in Bermuda, especially compared to "Bermuda dollar", it does, however, have mention in Bermuda's lawbooks, such as under both the Bermudian Dollar Parity Order 1981 and under the Monetary Authority Act 1969. The Monetary Authority Act 1969 does use the term "Bermuda dollar" in the title of section 10: "Parity of the Bermuda dollar", but uses the term "Bermudian dollar" four times, the first of which, under section 1 (Interpretations), states: ' "dollar" means the Bermudian dollar;' and the second of which, under section 9, states: 'There is hereby established a currency of Bermuda the unit of which shall be the Bermudian dollar'. The most recent mention of "Bermudian dollars" in the lawbooks was in 2004, the Revenue Amendment Act 2004, which stated under section 18(2): 'In this section "monetary amount' means the amount of any fine or other penalty expressed in Bermudian dollars...". However, there is a 12:5 (or 11:4, if we do not count the Monetary Authority Act 1969) ratio of laws in preference to the use "Bermuda dollar". 199.172.207.183 22:58, 8 September 2007 (UTC)

I moved it because of the style guideline at Wikipedia:WikiProject Numismatics/Style. We normally use the adjective form of the place to disambiguate the currency if its unit name is common like "dollar". Do you say "Canada dollar" or "Canadian dollar"? French franc or France franc? You use the term "Malaysian ringgit" too, instead of "Malaysia ringgit". --ChoChoPK (球球PK) (talk | contrib) 09:39, 9 September 2007 (UTC)

[edit] What's the point?

If the exchange rate is purposely set at 1USD=1BMD, what is the point? Either let it float in the exchange system, or use another major currency instead (i.e. the Pound Sterling or the US dollar) —The preceding unsigned comment was added by 75.110.145.124 (talk) 06:00, 8 April 2007 (UTC).

The Bermuda dollar was pegged 1:1 for the convenience of American tourists, then the main part of Bermuda's economy, so that they could use their own currency immediately upon arrival, while allowing Bermuda to continue to print its own currency. Fixed currency is very common, especially when pegged to the US dollar, and is used by countries much larger than Bermuda (such as the Bahamas). Even countries fantastically larger have been pegged to the dollar, though not necessarily on the 1:1 ratio: until 2005, both the Malaysian ringgit and Chinese renminbi were. It should also be noted that a currency used a grand total of some 66,000 people cannot be described as "major". 199.172.207.183 22:58, 8 September 2007 (UTC)