Money

Currency is one of the most important things about Barbados that you must know before visiting this island. Barbados' currency is the Barbados Dollar (BBD). When planning your Barbados holiday, keep in mind that the Barbados Dollar is valued at $1.98 BDS for every $1.00 US dollar. Barbados' currency is pegged to the US dollar and does not change. Its exchange rate with other currencies changes daily based on its movements against the US dollar.

Traveling about Barbados, you will see that US cash is widely accepted, and most stores and restaurants take major credit cards. Of fact, most Barbados hotels and other lodgings allow these methods of payment as well. Barbados banknotes are available in denominations of $2, $5, $10, $20, $50, and $100. Barbados coins come in denominations of $5, $10, $25, and $1. This is actually one of the most important things that you need to remember when traveling to this country.

The Central Bank of Barbados announced on March 21, 2022, that by the end of the year, it would replace current paper banknotes with polymer banknotes, allowing for more secure and durable payment. On 4 May 2022, the new designs for the polymer banknotes were presented, and it was stated that the notes would be released on 5 December 2022.