Central Bank iso 4217 bitcoin stock Barbados, October 2007. The dollar has been the currency of Barbados since 1935.
It is divided into 100 cents. The history of currency in the British colony of Barbados closely follows that of British Eastern Caribbean territories in general. Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Barbados formally adopting the British sterling coinage in the year 1848. However, despite the circulation of British coins in Barbados the silver pieces of eight continued to circulate alongside them and the private sector continued to use dollar accounts for reckoning. From 1949, with the introduction of the British West Indies dollar, the currency of Barbados became officially tied with those of the British Eastern Caribbean territories in general. Between 1938 and 1949, the Barbados government issued paper money denominated in dollars.