1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.158 BMD (Bermudian Dollar). It is the official currency of Bermuda. It is denoted as BD$. The Dollar is divided into 100 cents. No trading of the Bermudian Dollar is done outside the island of Bermuda. In 1972, BMD(Bermudian Dollar) was pegged to the US Dollar at par. The currency governing body is Bermuda Monetary Authority.