Currency

Official name: Barbadian dollar

Currency code: BBD

Abbreviation: Bds$

Pegged with: US dollar = Bds$2

Legal tender in: Barbados

Subdivided into: 100 cents

Coins: 1, 5, 10, 15, 25, 50 cents, Bds$1

Notes: B$1/2, B$1, B$3, B$5, B$10, B$20, B$50, B$100

Central bank: Central Bank of Barbados

Website: www.centralbank.org.bb

Current exchange rates:

• http://finance.yahoo.com/currency ,

• http://www.xe.com , and

• http://www.oanda.com

The dollar became the legal tender of Barbados in 1882.

Privacy

At this time Barbados has signed both a Tax Information Exchange Agreement and a Mutual Assistance Treaty with the United States. However, Barbados is not a participant in the European Union Savings Directive. As such, Barbados does not offer a particularly high level of privacy for American citizens. Furthermore, by agreeing to exchange information as part of a Tax Information Exchange Agreement and by signing a Mutual Legal Assistance Treaty, Barbados has opened itself up to questions about its commitment to protecting the privacy of its foreign investors.