Since the arrival of the English in 1627, Barbados has enjoyed a storied history as a noted entrepôt and trading center in the Western Hemisphere. Today, Barbados continues in that tradition with its establishment as the tax-free haven of the Eastern Caribbean and one of the most coveted shopping and duty-free destinations in the entire region.
With long-standing links to the world’s major business houses, retailers in Barbados deal in only the highest quality products across a range of categories that include leading designer fashions, fine jewellery, crystal, fragrances, electronics, leather goods and more.
Additionally, talented island craftsmen have emerged to produce and sell exquisite collectables and fine art. With local works available at galleries, specialty markets and craft fairs throughout the year.
life lessons: barbadian currency
The Barbados dollar is tied to the US dollar at a fixed rate of US$1.00 = BDS$1.98. The approximate rate of exchange for sterling is £1.00 = BDS$3.21, for Canadian currency, approximately CAD$1.00 = BDS$2.04 and the Euro is approximately EURO 1.00 = BDS$2.85. US currency is readily accepted everywhere on the island, while most hotels, restaurants and large stores accept travelers checks and most major credit cards as well.
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