Eastern Caribbean dollar, XCD is the national currency in Grenada. The Eastern Caribbean dollar XCD is the currency of seven members and one associate member of the Organisation of Eastern Caribbean States (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and The Grenadines). The successor to The British West Indies dollar was the primary dollar of Grenada since 1965. The EC$ is subdivided into 100 cents. It has been a fixed exchange rate to the United States dollar since 7 July 1976, at the exchange rate of US$1 = EC$2.70.
- Control your spending while in Grenada. Us the Currency tool to calculate how much money you should carry, by converting the EC value to your local currency.
- If you plan to only spend US$1000 on gifts and souvenirs. Use the currency converter to calculate the Grenada Currency equivalent of US$1000, and stick to that budget.
Credit cards and currency
Major credit cards are accepted by most companies and shops. It is advisable to exchange currency at the banks, as the most favorable exchange rates may not be obtained elsewhere. Many establishments will accept payments in US Dollars with change being given in local currency. However please note that smaller establishments, especially in country areas, may only accept EC Dollars.
We suggest you take US$ or £GB and exchange them for local currency. Obviously, traveler’s cheques are safer than cash.
There are ATM machines at most banks and you will also find one available at the airport.
Grenada Money – Banknotes
The EC banknotes are in denominations of $5, $10, $20, $50, and $100. You may have noticed that there is no $1 banknote. Several years ago there was a $1 banknote but it was replaced by the $1 coin. The downside of the $1 coin is that it can keep your wallet a little bulky and your pockets jingling. It takes a little getting used to.
Grenada Money – Coins
The Eastern Caribbean coins come in 5 Cents, 10 Cents, 25 Cents, and 1 Dollar. As you will see when you get them in your hands the coins are quite easy to distinguish from each other. However, it’s not a bad idea until you get used to the Grenada currency to make a mental note that you Do have a $1 Dollar Coin.