Money
Currency: East Caribbean Dollar (EC$) = 100 cents. Notes are in denominations of EC$100, 50, 20, 10 and 5. Coins are in denominations of EC$1, and 50, 25, 10, 5, 2 and 1 cents.
Note: The East Caribbean Dollar is tied to the US Dollar.
Currency exchange: National Commercial Bank, the Grenada Co-operative Bank, Barclays Bank, Grenada Bank of Commerce and Scotia Bank are all found on the island.
Credit & debit cards: American Express, Visa, MasterCard, Diners Club and other major cards are accepted by most shops, car hire companies and hotels. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: No restrictions on the import or export of local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Eastern Caribbean Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 3.93 | 4.12 | 4.27 | 4.30 | | $1.00= | 2.70 | 2.70 | 2.70 | 2.70 |
Banking hours: Mon-Thurs 0800-1500, Fri 0800-1700.
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