Travelling to the Caribbean? 10 money facts for visitors to note

by Caribbean Chronicle
7:38 pm UTC, October 11, 2019

Whether you are a solo traveller, or travelling as a couple or part of a group, spend time researching the money in your destination of choice.

If you choose to visit the Caribbean, you can use the American dollar in any island, or you can convert your cash to local currency.

That is, if you do not opt to swipe your way through your vacation. MasterCard, Visa and American Express are accepted almost everywhere.

Regardless of how you choose to pay, here are some facts you should note about money in the Caribbean.

10 handy money facts

1. When you travel to Barbados, just divide prices by two to convert to US dollars. It's that easy!

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2. Travelling to Jamaica? Try not to take USD $50 or $100 bills. Many stores do not accept "big bills".

3. Also, in Jamaica, cashiers look at serial numbers and dates. They even refuse to take old bills.

4. In Caribbean islands the change is returned in local currency.

5. Some Caribbean islands do not accept US notes that are torn.

6. Want to feel rich? Convert USD in Jamaica or Guyana when you visit. For example, if you convert USD $100, in Jamaica you'll receive JMD $13,607.48 or in Guyana, you'll get GY $20,861.50. With just a few hundred American dollars converted, you could even be a millionaire in one of these two Caribbean islands for a day or two. Cha-ching!

7. The Eastern Caribbean Dollar (EC/XCD)is the official currency for eight countries: Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. So if you're on a cruise and get back EC change at one stop, check your itinerary and see where else you can spend it. You may have one or two other options on the horizon.

8. In the Caribbean Sea, French-speaking Martinique uses the Euro.

9. The British Virgin Islands, the United States Virgin Islands and The Bahamas use the US dollar.

10. Take smaller US bills when travelling in the Caribbean and South America as a precaution in general. Even the new USD $100 bill with its extra security features gets a few raised eyebrows. Some islands will put it under UV light, hold it up to the light and still seek a counterfeit money detector pen to confirm the bill is real. Some supervisors are so thorough they will practically colour the whole bill with the pen before giving the nod of approval to the cashier. Whew chile!

Happy and safe travels!

Source: Loop News.

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