Definition

1. Noun:
   • The basic unit of money in Barbados: The Barbados dollar is the official currency of the Caribbean island nation of Barbados. It is the standard monetary unit used for all financial transactions within the country.

Usage

• The Barbados dollar is used to price goods and services, denote debts, and store value within Barbados.
• Its value fluctuates against other international currencies.
• The currency code is and it is often symbolized as or simply in local contexts.

Examples

• Noun:
  • The price of the souvenir was twenty Barbados dollars.
  • You will need to exchange your US dollars for Barbados dollars upon arrival.
  • The central bank is responsible for issuing the Barbados dollar.

Advanced Usage

• "pegged to": The value of the Barbados dollar has been historically pegged (fixed) to another currency, specifically the US dollar.
  • The Barbados dollar has been pegged to the US dollar at a fixed rate for decades.

Variants and Related Words

• Dollar (n): A general term for the basic monetary unit of several countries, including the US, Canada, and Australia. The Barbados dollar is a specific type of dollar.
• Cent (n): A subdivision of the Barbados dollar. One Barbados dollar is equal to 100 cents.
  • The coin is worth ten cents of a Barbados dollar.

Synonyms

• BBD: The official three-letter currency code for the Barbados dollar.
• Bds$: A common symbol used to represent the Barbados dollar to distinguish it from other dollar-denominated currencies.

Related Phrases

• Currency exchange: The process of converting one currency, like the Barbados dollar, into another.
  • The hotel offers a currency exchange service for Barbados dollars.
• Exchange rate: The value of one currency, such as the Barbados dollar, in terms of another.
  • What is the current exchange rate for the Barbados dollar to the euro?

Noun

1. the basic unit of money in Barbados