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The Barbados Dollar (BBD) has been the currency of Barbados since 1935. The symbol used for the dollar is the same as the US Dollar ($). However, BDs$ is used to distinguish the BBD from other dollar currencies. The Barbados Dollar is subdivided into 100 cents.
- The main industries in the economy are tourism and offshore investments.
- Other income is from sugar and light manufacturing.
- The Barbados economy is a service-driven economy, as well as an international business center.
- The average growth rate for the Barbados economy ranges from 3.5% to 5%.
- No substantial exports come from Barbados and the country relies largely on imports.
- Barbados focuses on developing the service sector, from financial services to educational and health services.
- Agriculture is mainly sugar cane farming. The main food crops are corn, sweet potatoes, eddos, yams, and cassava.
- Construction is a secondary industry and is mainly due to tourism and residential growth.
- Barbados formed part of the British Caribbean territories. The British Pound Sterling was adopted by Barbados in 1848.
- After the Pound was adopted, the previous silver pieces continued to circulate, especially in the private sector.
- The first dollar form of banknotes was issued in 1882.
- In 1949, the British West Indies dollar was introduced, and Barbados was officially tied in with the British Eastern Caribbean islands.
- In 1965, Barbados replaced the British West Indies Dollar with the Eastern Caribbean Dollar.
- In 1972, the present Dollar was introduced by the Central Bank of Barbados.
- Since 1975, the Barbados Dollar has been pegged to the United States Dollar at 2BDs$ = 1 USD.
Symbols and Names
- Symbols: Bds$
- Nicknames: none
ISO 4217 Code
- Cent = 1/100 of a Dollar
- Bills: $2, $5, $10, $20, $50, $100
- Coins: 1, 5, 10, 25 cents. $1
Countries Using This Currency
Currencies Pegged To BBD :
BBD Is Pegged To:
- United States Dollar = Bds$ 2