Editing Bermuda (section)

===Currency===
In 1970, the country switched its currency from the [[Bermudian pound]] to the [[Bermudian dollar]], which is [[Fixed exchange rate|pegged]] and or [[Financial capital|capital]] 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 for those going out of the islands for external purposes.<ref>[http://www.bm.butterfieldgroup.com/Rates/Foreign_Exchange/ Bank of Butterfield Exchange Rate Page]. Butterfieldbank.bm. Retrieved 15 August 2012. {{webarchive |url=https://web.archive.org/web/20120809021133/http://www.bm.butterfieldgroup.com/Rates/Foreign_Exchange/ |date=9 August 2012 }}</ref> The [[Bermuda Monetary Authority]] is the issuing authority for all banknotes and coins and regulates financial institutions.