grenada dollar
Definition
Noun: The official national currency of Grenada. It is the basic monetary unit used for all transactions within the country.
Usage
The term "Grenada dollar" is used to refer to the currency itself, its value, or specific amounts of money in Grenada. * Prices in Grenada are listed in Grenada dollars. * The tourist exchanged her US dollars for Grenada dollars at the bank. * The cost of the souvenir was ten Grenada dollars.
Advanced Usage
- The Grenada dollar is often abbreviated as ECD (East Caribbean Dollar), as it is a member of the Eastern Caribbean Currency Union which uses a common currency.
- It is pegged to a fixed exchange rate with the US dollar.
Variants and Related Words
- East Caribbean Dollar (ECD): The formal name for the common currency used by Grenada and several other Eastern Caribbean states.
- Cent: A subdivision of the Grenada dollar, where one dollar equals 100 cents.
Synonyms
- Eastern Caribbean Dollar (the specific synonym for the shared currency)
- Currency of Grenada
Related Phrases
- Dollar-denominated: Referring to prices or values stated in Grenada dollars.
- The contract is dollar-denominated.
- Dollar peg: Referring to the fixed exchange rate system.
- The Grenada dollar maintains a dollar peg to the US dollar.
Noun
-
the basic unit of money in Grenada
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