Barbados Dollar (BBD)

The Barbadian dollar (BBD) is the official currency of Barbados, a Caribbean island nation located in the eastern Caribbean Sea.

The Barbadian dollar has been the country’s official currency since 1935 when it replaced the British West Indies dollar.

The Barbadian dollar is subdivided into 100 cents and is symbolized by the “$” sign. It is pegged to the US dollar at a fixed exchange rate of 1 USD = 2 BBD.

This means that the value of the Barbadian dollar is directly tied to the value of the US dollar, and fluctuations in the value of the US dollar can affect the purchasing power of the Barbadian dollar.

The Barbadian dollar is widely accepted throughout Barbados, and US dollars are also commonly used.

Visitors to Barbados can usually exchange their foreign currency for Barbadian dollars at banks, exchange bureaus, and some hotels and resorts.

The Barbadian economy is heavily dependent on tourism, and fluctuations in the tourism industry can impact the value of the Barbadian dollar.

Additionally, changes in the price of oil and other commodities can also affect the country’s economy and the value of its currency.

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