ELI5: Explain Like I'm 5

Bermudian pound

Okay kiddo, so you know how when you go to the store you use money to buy things, right? Well, every country has its own type of money. In Bermuda, the money they use is called the Bermudian pound.

This is kind of like when you play with different toys at home. You might have a toy car and a toy doll, and they are both different things that you can play with. Similarly, the Bermudian pound is different from the money we use in the United States, which is called the dollar.

The Bermudian pound is special because it is only used in Bermuda. It has pictures of important people and landmarks in Bermuda on it, like the Queen and the Hamilton Cathedral.

Now, even though the Bermudian pound is its own type of money, it's still related to the British pound. Do you remember the toy car and doll example? It's kind of like how a toy car might have different colors and designs, but it's still a car toy. The British pound and the Bermudian pound are both pounds, which means they have some similarities, but they're still different.

So that's the Bermudian pound! It's like the special toy car that you can only find in Bermuda, and it's related to the British pound just like different toy cars can have different designs, but they're all still toy cars.