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Money
Currency: Barbados Dollar (Bd$) = 100 cents. Notes are in denominations of Bd$100, 50, 20, 10, 5 and 2. Coins are in denominations of Bd$1, and 25, 10, 5 and 1 cents.
Note: The Barbados Dollar is tied to the US Dollar.
Currency exchange: The best exchange rates are available at commercial banks. The island is served by the Barbados National Bank and a range of at least six international banks, each with a main office in Bridgetown and further branches in Hastings, Worthing, Holetown and Speightstown. ATMs are available.
Credit & debit cards: Diners Club, Visa, American Express, Barclaycard, Carte Blanche, Eurocard and MasterCard are accepted in the resorts, but cash is preferred for customs duty payment. Check with your credit or debit card company for details of merchant acceptability and other services that may be available.
Travellers cheques: Accepted by all banks and most hotels. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: The import of local currency is unlimited, subject to declaration. The export of local currency is prohibited. The import and export of foreign currency is limited to the amount declared on arrival.
Exchange rate indicators
The following figures are included as a guide to the movements of the Barbados Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 2.90 | 3.02 | 3.15 | 3.17 | | $1.00= | 1.99 | 1.99 | 1.99 | 1.99 |
Banking hours: Generally Mon-Thurs 0800-1500, Fri 0800-1700.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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