It wasn't until 1 January 1842 that the authorities in Bermuda formally decided to make sterling the official currency of the colony to circulate concurrently with Doubloons (64 shillings) at the rate of $1 = 4s.2d.
It wasn't until January 1, 1842 that Bermuda's authorities officially adopted sterling as the official currency for circulation alongside Doubloons (64 shillings), with a conversion rate of $1 = 4s.2d.