BBD to XCD

BBD - Barbadian Dollar ($)
XCD - East Caribbean Dollar ($)
1 BBD1 XCD

Currency conversion rates from BBD to XCD

BBDXCD
1 BBD1 XCD
5 BBD5 XCD
10 BBD10 XCD
20 BBD20 XCD
50 BBD50 XCD
100 BBD100 XCD
250 BBD250 XCD
500 BBD500 XCD
1000 BBD1000 XCD
2000 BBD2000 XCD
5000 BBD5000 XCD
10000 BBD10000 XCD
XCDBBD
1 XCD1 BBD
5 XCD5 BBD
10 XCD10 BBD
20 XCD20 BBD
50 XCD50 BBD
100 XCD100 BBD
250 XCD250 BBD
500 XCD500 BBD
1000 XCD1000 BBD
2000 XCD2000 BBD
5000 XCD5000 BBD
10000 XCD10000 BBD

BBD - Barbadian Dollar (BBD)

Barbadian Dollar

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 Barbados Dollar is the currency in Barbados (BB, BRB). The Barbados Dollar is also known as BDS. The symbol for BBD can be written Bds$. The Barbados Dollar is divided into 100 cents. The exchange rate for the Barbados Dollar was last updated on May 24, 2019 from Yahoo Finance. The BBD conversion factor has 2 significant digits.

Economy

  • 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.

History

  • 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.

More information about BBD - Barbadian Dollar (BBD)


XCD - East Caribbean Dollar ($)

East Caribbean Dollar

The East Caribbean dollar is the currency used in eight of the nine nations in the Organisation of Eastern Caribbean States — Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla (UK Territory), and Montserrat (UK Territory). The British Virgin Islands is the only member of the OECS that uses its own currency. The East Caribbean Dollar is designated by EC$ and has been pegged to the US Dollar at US$1 = EC$2.70 since 1976.

The East Caribbean Dollar is the currency in Antigua and Barbuda (AG, ATG), Dominica (DM, DMA), Grenada (GD, GRD), Saint Kitts and Nevis (KN, KNA), Saint Lucia (LC, LCA), and Saint Vincent and the Grenadines (VC, VCT). The symbol for XCD can be written EC$. The East Caribbean Dollar is divided into 100 cents. The exchange rate for the East Caribbean Dollar was last updated on May 24, 2019 from Yahoo Finance. The XCD conversion factor has 2 significant digits.

Economy

  • The economies of the OECS member states vary significantly, but most of them rely upon tourism and agriculture to varying extents. Offshore banking also represents a large proportion of the GDP for several of the OECS nations.
  • Many of the islands are home to multinational corporations, typically in financial services, who have large offices in a few of the OECS nations to take advantage of low or no taxation.
  • As the member states are small island nations, they are heavily reliant upon imports. Exportation is relatively limited, though some of the nations do export agricultural products such as bananas, and cocoa.

History

  • Prior to 1965, OECS members were part of the West Indies Federation, using BWI$ as their currency. However many members of the WIF either did not adopt the BWI$. Trinidad and Tobago withdrew from the union in 1964, leading to a lack of support for the BWI$.
  • In 1965, the British West Indies Dollar was replaced at par by the East Caribbean Dollar.
  • In 1966, British Guiana withdrew from the currency union, and in 1972, Barbados also withdrew from the currency union.
  • Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with notes and coins from 1965 from 1981.
  • The Eastern Caribbean Central Bank, based in Basseterre, Saint Kitts and Nevis was created by the Eastern Caribbean Central Bank Agreement signed in Port of Spain on July 5, 1983.

More information about XCD - East Caribbean Dollar ($)