BBD (Barbados Dollar)
Definition of 'BBD (Barbados Dollar)'The currency abbreviation or currency symbol for the Barbados dollar (BBD). The Barbados dollar is made up of 100 cents, and is often presented with the dollar sign as Bds$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. dollar (USD).Also known as the "Barbadian dollar". |
|
Investopedia explains 'BBD (Barbados Dollar)'In 1882, the first dollar-based currency was issued in Barbados in the form of private bank notes. These notes were used along with British pounds as the nation's currencies. In 1935, the British West Indies dollar was issued at par with the Barbados dollars issued by private banks. Barbados dollars also began to be issued by the government between 1938 and 1949. The East Caribbean dollar replace the British West Indies dollar in 1965.The current Barbadian dollar was created in 1972 after the establishment of the Central Bank of Barbados. BBD replaced the East Caribbean dollar at par, and since 1975 it has been pegged with the U.S. dollar (USD) at a rate of 2 BBD to 1 USD. |
Related Definitions
Articles Of Interest
-
Currency Exchange: Floating Rate Vs. Fixed Rate
Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers. -
Top 7 Questions About Currency Trading Answered
Whether you're puzzled by pips or curious about carry trades, your queries are answered here. -
8 Basic Forex Market Concepts
We go over some of the things you need to understand before you can trade currencies. -
Dollarization Explained
Find out how fledgling economies can find some stability in their currency and attract foreign investment. -
6 Factors That Influence Exchange Rates
Find out how a currency's relative value reflects a country's economic health and impacts your investment returns. -
If a country's currency is determined by the strength of its economy, why isn't the U.S. dollar worth more than the British pound?
Generally speaking, when Country A's currency is worth more than that of Country B, it does not necessarily mean that Country A's economy is stronger than B's. For example, Japan's economy is ... -
How Bitcoin Works
Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ... -
How To Survive When Prices Double Every Day And A Half
Hyperinflation can destroy your life savings in a matter of months or less. We’ve seen again and again throughout history…Germany in the 1920s, Hungary in the 1940s, Yugoslavia in the 1990s and ... -
The Yen Is Setting Up To Be An Attractive Long-Term Investment
As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013? -
Five ETFs To Cash In On Japan’s Rise
With the election of Shinzo Abe and birth of “Abenomics”, things are looking up for Japan's exporting dependent nation. For investors, Japan may finally be awaking from its doldrums.
Free Annual Reports