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The dollar has been the currency of Barbados since 1935 [citation needed].Globally its currency has the ISO 4217 code BBD, [2] [3] however, unofficially in Barbados the International vehicle registration code BDS is also commonly used, [notes 1] [notes 2] a currency code that is otherwise reserved for Bangladesh (ISO 3166-1 country code BD) outside Barbados. [6]
Barbados withdrew from the currency union in 1972, following which the ECCA headquarters were moved to St. Kitts. [6] Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with banknotes from 1965 and coins from 1981.
The Central Bank of Barbados, was established by Act of parliament on 2 May 1972. [2] Prior to the establishment of CBB, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA). The Central Bank operates as the banknote issuing authority for Barbadian currency.
Central banks and currencies of the Caribbean. This is a list of the central banks and currencies of the Caribbean. There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4). Anguilla. Antigua and Barbuda. Dominica.
In May 1972 Barbados formed its own Central Bank, breaking off from the East Caribbean Currency Authority (ECCA). By 1975 the Barbadian dollar was changed to a new fixed / constant rate of exchange rate with the US$ with the rate being changed to present day US$1 = BBD$1.98 (BBD$1.00 = ~US$0.50).
Barbados (UK: / bɑːrˈbeɪdɒs / bar-BAY-doss; US: / bɑːrˈbeɪdoʊs / bar-BAY-dohss; locally / bɑːrˈbeɪdəs / bar-BAY-dəss) is an island country in the Lesser Antilles of the West Indies, in the Caribbean region next to North America and north of South America, and is the most easterly of the Caribbean islands.
Queen Anne's proclamation of 1704 the first attempt to introduce the pound sterling currency system to the British West Indies; however it failed to displace the existing Spanish dollar currency system right up until the great silver devaluation of 1873. In addition to the Spanish dollars and gold doubloons, the British government coined 1/4, 1 ...
Saint Kitts dollar. Saint Lucia dollar. Saint Lucia livre. Saint Vincent dollar. Silver certificate (Cuba) Surinamese dollar. Surinamese guilder.