Barbadian dollar
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| ISO 4217 Code | BBD |
| User(s) | Barbados |
| Inflation | -0.5% |
| Source | The World Factbook, 2003 est. |
| Pegged with | U.S. dollar = Bds$ 2 |
| Subunit | |
| 1/100 | cent |
| Symbol | Bds$ |
| Coins | 1, 5, 10, 25 cents, $1 |
| Banknotes | $2, $5, $10, $20, $50, $100 |
| Central bank | Central Bank of Barbados |
| Website | www.centralbank.org.bb |
The dollar (currency code BBD) has been the currency of Barbados since 1972. It is normally abbreviated with the dollar sign "$", or alternatively "Bds$" to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. The Barbados dollar is pegged to the US dollar at USD1= BBD2 since July 5, 1975.
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[edit] History
The Barbados dollar was created after the establishment of the Central Bank of Barbados (CBB), which was founded by Act of parliament in May, 1972. Prior to this, Barbados and several other islands in the Eastern Caribbean were under the Eastern Caribbean Currency Authority (ECCA). The Barbados dollar replaced the East Caribbean dollar as the island's currency.
[edit] Coins
Coins in circulation:
- 1 cent (copper plated zinc)
- 5 cents (brass)
- 10 cents (cupronickel)
- 25 cents (cupronickel)
- 1 dollar (cupronickel)
Many coins in circulation of Barbados are struck at the Royal Canadian Mint.
[edit] Banknotes
Banknotes in circulation:
- 2 dollars (blue)
- 5 dollars (green)
- 10 dollars (brown)
- 20 dollars (purple)
- 50 dollars (orange)
- 100 dollars (grey)
The defunct 1 dollar note (which has been replaced by a coin) was red in colour and had Samuel Jackman Prescod on the face side.
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[edit] See also
[edit] Reference
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