BBDBarbadian DollarBarbadian Dollar (BBD)
The Barbadian dollar is Barbados's official currency and the unit used for domestic prices, wages and settlement. The Central Bank of Barbados issues the notes and coins and supports the country's payment system. BBD is the ISO code used to distinguish the Barbadian dollar from the many other currencies called dollar. The dollar is divided into 100 cents. Visitors may encounter US-dollar prices or acceptance in tourism settings, but a quoted foreign-currency price should not be confused with Barbados's official monetary unit.
- ISO code
- BBD
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Fixed relationship with the US dollar
- Last reviewed
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Quick facts
BBD at a glance
Currency profile
How BBD works
The Barbadian dollar is Barbados's official currency and the unit used for domestic prices, wages and settlement. The Central Bank of Barbados issues the notes and coins and supports the country's payment system. BBD is the ISO code used to distinguish the Barbadian dollar from the many other currencies called dollar. The dollar is divided into 100 cents. Visitors may encounter US-dollar prices or acceptance in tourism settings, but a quoted foreign-currency price should not be confused with Barbados's official monetary unit.
Central Bank of Barbados administers BBD within a fixed relationship with the us dollar system.
- The Barbadian dollar has been Barbados's national currency since 1935; the current dollar arrangement is maintained by the Central Bank.
- The reviewed cash profile records BBD 2, BBD 5, BBD 10, BBD 20, BBD 50, BBD 100 for banknotes and BBD 1, 5, 10 and 25 cents, BBD 1 for coins.
Context
Why this currency matters
Barbados maintains the Barbadian dollar at a fixed relationship of BBD 2.00 to US$1.00. This dollar link provides a clear reference for travel and accounting comparisons, while BBD can still move against currencies other than USD through the cross-rate. The Central Bank publishes information on current notes and coins used in circulation. Keeping BBD, the date and the conversion direction together prevents a dollar symbol from hiding which currency is being measured. Provider, card and cash quotes can use different terms even when the official peg is stable. The fixed USD relationship also makes the BBD code important in cross-border invoices, because the dollar symbol alone does not distinguish the Barbadian unit.
Monetary framework
Exchange arrangement
Barbadian Dollar operates under the reviewed fixed relationship with the us dollar arrangement, with US dollar.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for BBD
Central bank established
The Central Bank of Barbados was created to manage the national monetary system.
Central Bank of BarbadosBarbados dollar introduced
BBD replaced the East Caribbean dollar as the national currency.
Central Bank of Barbados
Usage and economy
How BBD is used
- BBD denominates Barbadian prices, salaries, taxes and banking transactions.
- The fixed USD relationship makes BBD-USD comparison central to tourism, imports and business accounting.
Country currency guides
Banknotes and coins
BBD currency units
The issuing authority documents the reviewed BBD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for BBD.
One Barbadian Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
BBD questions
Is BBD the same as USD?
No. BBD is Barbados's official currency. The fixed dollar relationship makes its USD comparison predictable, but the currencies have different issuers and codes.
What changed for BBD in 1972?
The Central Bank of Barbados was created to manage the national monetary system.
What changed for BBD in 1973?
BBD replaced the East Caribbean dollar as the national currency.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.