General Information

Bermuda is a British island territory in the North Atlantic Ocean known for its pink-sand beaches such as Elbow Beach and Horseshoe Bay. Its massive Royal Naval Dockyard complex combines modern attractions like the interactive Dolphin Quest with maritime history at the National Museum of Bermuda. The island has a distinctive blend of British and American culture, which can be found in the capital, Hamilton.

Population

Bermuda’s 2010 Census put Bermuda’s population at 64,237 and, with an area of 53.2 km2 (20.5 sq mi), it has a calculated population density of 1207/km².

Political Structure

The current ruling party in Bermuda is the One Bermuda Alliance, commonly referred to as the OBA. They were voted into power in December 2012 after Bermuda was ruled by the Progressive Labor Party for 14 years, from 1998 to 2012. Michael Dunkley is currently (2016) the Premier of Bermuda and David Burt is the opposition party leader (PLP leader).

Infrastructure and Economy

In 1970 the country switched its currency from the Bermudian pound to the Bermudian dollar, which is pegged at par with the US dollar. US notes and coins are used interchangeably with Bermudian notes and coins within the islands for most practical purposes; however, banks levy an exchange rate fee for the purchase of US dollars with Bermudian dollars. Bermudian notes carry the image of Queen Elizabeth II. The Bermuda Monetary Authority is the issuing authority for all banknotes and coins, and regulates financial institutions. The Royal Naval Dockyard Museum holds a permanent exhibition of Bermuda notes and coins

Languages

The predominant language on Bermuda is Bermudian English. It exhibits characteristics of British, West Indian, and American English. Perhaps most interesting is its closeness to acrolectal English compared to other varieties in the West Indies.

Currency

Bermudian dollar

Exchange Control

Offshore activities are exempted from exchange control

Send this to a friend