Bermuda pound

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The pound was the currency of Bermuda until 1970. It was equivalent to the British pound, alongside which it circulated, and was similarly divided into 20 shillings each of 12 pence.

The first Bermudan currency issue was the so-called "hogge money", twopence, threepence, sixpence and shilling coins issued between 1612 and 1624. Their name derives from the appearance of a pig on the obverse. At this time, Bermuda was known as Somers Island and this name appears on the coins.

The next coins to be issued were pennies in 1793. However, no further currency issues were made for the island until 1914, when the government issued one pound notes, with other denominations appearing from 1920. In 1959 and 1964, one crown (five shillings) coins were issued for circulation.

Bermuda decimalized in 1970, replacing the pound with the dollar at a rate of 1 dollar = 8 shillings 4 pence (i.e., 100 pence), equal to the US dollar.