Barbadian dollar 1628899 223574559 2008-07-04T18:08:29Z Kelovy 357014 +sk: {{Infobox Currency | iso_code = BBD | image_1 = Barbados 2006 circulating coins.jpg | image_title_1 = Current coins in use. | using_countries = [[Barbados]] | inflation_rate = 4.2% | inflation_source_date = ''[http://www.centralbank.org.bb/WEBCBB.nsf/vwNews/884B84AE87B971D0042573E0004B6C65/$FILE/epr_Jan2008_Rev.pdf.pdf Central Bank of Barbados]'', October 2007. | pegged_with = [[United States dollar|U.S. dollar]] = Bds$ 2 | subunit_ratio_1 = 1/100 | subunit_name_1 = [[Cent (currency)|cent]] | symbol = Bds[[Dollar sign|$]] | used_coins = 1, 5, 10, 25 cents, $1 | used_banknotes = $2, $5, $10, $20, $50, $100 | issuing_authority = [[Central Bank of Barbados]] | issuing_authority_website = www.centralbank.org.bb }} The '''dollar''' has been the [[currency]] of [[Barbados]] since [[1882]]. The present dollar has the [[ISO 4217]] code ''BBD'' and is normally abbreviated with the [[dollar sign]] "$" or, alternatively, "Bds$" to distinguish it from other [[dollar]]-denominated currencies. It is divided into 100 [[cent (currency)|cent]]s. ==History== The first currency denominated in dollars to be issued on Barbados was in the form of private banknotes introduced in 1882. No subdivisions of the dollar were issued and these notes circulated alongside [[British pound|sterling]], together with 1 pound notes issued by the government in 1917. From 1920, some of the private banknotes also carried a denomination in sterling, with 1 dollar = 4 [[shilling]]s 2 [[penny|pence]]. In 1935, the [[British West Indies dollar]] was introduced, equal in value to the Barbados dollar and other dollars in use in the [[British West Indies]]. Between 1938 and 1949, the Barbados government also issued paper money denominated in dollars. The last private bank issues were also made in 1949. In 1965, the [[East Caribbean dollar]] replaced the British West Indies dollar on Barbados. The present dollar was created after the establishment of the [[Central Bank of Barbados]] (CBB), which was founded by Act of [[Parliament of Barbados|parliament]] in May, [[1972]]. The Barbados dollar replaced the East Caribbean dollar at par in [[1973]]. Since [[July 5]], [[1975]], the Barbados dollar has been [[Fixed exchange rate|pegged]] to the [[US dollar]] at USD1 = BBD2. ==Coins== In 1973, coins were introduced in denominations of 1, 5, 10 and 25 cents and 1 dollar. Until 1991, the 1 cent was struck in bronze. Since 1992, [[copper]]-plated [[zinc]] has been used. The 5 cents is struck in [[brass]], whilst the highest three denominations are struck in [[cupro-nickel]]. The 1 dollar coin has an [[equilateral curve|equilaterally-curved]]-[[heptagon]]al shape. Many of the coins in circulation have been struck at the [[Royal Canadian Mint]]. ==Banknotes== In 1882, the Colonial Bank introduced notes for 5 dollars. In 1920, 20 and 100 dollars notes were also issued by this bank. In 1922, [[Barclays Bank]], having taken over the Colonial Bank, began issuing 5, 20 and 100 dollars notes. The higher denominations ceased production in 1940 but the 5 dollars continued to be issued until 1949. The [[Royal Bank of Canada]] introduced notes in 1909, in denominations of 5, 20 and 100 dollars. From 1920, these notes also bore the denomination in sterling, with 5 dollars = 1 pound 10 pence, 20 dollars = 4 pounds 3 shillings 4 pence and 100 dollars = 20 pounds 16 shillings 8 pence. Notes were issued until 1938. The [[Canadian Bank of Commerce]] issued notes between 1922 and 1940, also in denominations of 5, 20 and 100 dollars. Between 1938 and 1949, the government issued notes in denominations of 1, 2, 5, 20 and 100 dollars. All bore the portrait of [[King George VI]]. In 1973, the Central Bank of Barbados introduced notes in denominations of 1, 5, 10, 20 and 100 dollars. The 1 dollar note was not issued again, with 2 dollars notes introduced in 1980, followed by 50 dollars in 1989. Banknotes currently in circulation are: *2 dollars (blue) *5 dollars (green) *10 dollars (brown) *20 dollars (purple) *50 dollars (orange) *100 dollars (grey) The defunct 1 dollar note was red in colour and had [[Samuel Jackman Prescod]] on the obverse. {{Exchange Rate|BBD}} ==See also== *[[Central banks and currencies of the Caribbean]] *[[Economy of Barbados]] ==References== {{refbegin}} *{{numis cite SCWC|date=1991}} *{{numis cite SCWPM|date=1994}} *{{numis cite SCWPM|date=1990.s}} {{refend}} ==External links== {{Standard numismatics external links | world_coin_gallery_1_url = Barbados | world_coin_gallery_1_name = Barbados | banknote_world_1_url = barbados | banknote_world_1_name = Barbados | dollarization_1_url = | dollarization_1_name = | gfd_1_url = Barbados | gfd_1_name = Barbados | gfd_data_1_url = | gfd_data_1_name = | show_gfd_excel = Y }} {{Dollar}} {{Currencies of the Americas}} [[Category:Economy of Barbados]] [[Category:History of Barbados]] [[Category:Fixed exchange rate]] [[ar:دولار بربادوسي]] [[ast:Dólar de Barbados]] [[ca:Dòlar de Barbados]] [[de:Barbados-Dollar]] [[el:Δολάριο Μπαρμπάντος]] [[es:Dólar de Barbados]] [[ko:바베이도스 달러]] [[bpy:বার্বাডিয়ান ডলার]] [[it:Dollaro di Barbados]] [[hu:Barbadosi dollár]] [[nl:Barbadiaanse dollar]] [[no:Barbadisk dollar]] [[nn:Barbadisk dollar]] [[pl:Dolar Barbadosu]] [[pt:Dólar de Barbados]] [[ru:Барбадосский доллар]] [[sk:Barbadoský dolár]] [[fi:Barbadoksen dollari]] [[sv:Barbadisk dollar]] [[tg:Доллари Барбадос]]