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The Barbados dollar replaced the East Caribbean dollar at par in 1973. Since 5 July 1975, the Barbados dollar has been pegged to the US dollar. It is presently fixed at an exchange rate of US$1 = BBD$1.98. [7] However, in practice in businesses, the effective exchange rate with US dollar is fixed at 2 to 1 in favor of the US dollar, i.e. US$1=BBD$2
The 1825 order-in-council was largely a failure because it made sterling silver coinage legal tender at the unrealistic rate in relation to the Spanish dollar of $1 = 4 shillings and 4 pence. In 1838, remedial legislation was introduced for the British West Indies , with a new and more realistic rate of $1 = 4s 2d.
The exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = 4s 2d) continued until 1976 for the new Eastern Caribbean dollar. [1] For a wider outline of the history of currency in the region see Currencies of the British West Indies.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
1.00 BSD = 1.00 USD Barbados: Barbadian dollar: BBD: Central Bank of Barbados: 2.00 BBD = 1.00 USD Caribbean Netherlands: United States dollar: USD: De Nederlandsche Bank (monetary authority) Federal Reserve Bank (U.S. dollar) float Cayman Islands: Cayman Islands dollar: KYD: Cayman Islands Monetary Authority: 1.00 KYD = 1.20 USD Cuba: Cuban ...
Barbadian dollar – Barbados; ... West Indian pound ... List of countries by exchange rate regime; List of central banks; ISO 4217
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
The exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = 4s 2d) continued right into up until 1976 for the new Eastern Caribbean dollar. For a wider outline of the history of currency in the region see Currencies of the British West Indies.