Grenada, a stunning Caribbean island known for its pristine beaches and vibrant culture, has its own unique unit of currency. The basic unit of currency for Grenada is the Eastern Caribbean dollar (EC$).

The Eastern Caribbean dollar is the official currency of several Caribbean countries, including Grenada, Dominica, Saint Lucia, Antigua and Barbuda, and Saint Vincent and the Grenadines. It is denoted by the symbol "$" and is further divided into 100 cents.

The Eastern Caribbean dollar is pegged to the United States dollar (USD) at an exchange rate of 2.7 EC$ to 1 USD. This means that 1 USD is equivalent to 2.7 EC$. It is important to keep this exchange rate in mind when converting currencies or making purchases in Grenada.

When visiting Grenada, it is advisable to have some Eastern Caribbean dollars on hand for day-to-day expenses. While credit cards are widely accepted in most establishments, having cash is handy for smaller vendors, local markets, and public transportation.

There are several ways to obtain Eastern Caribbean dollars. One option is to exchange your home currency for EC$ at local banks or authorized foreign exchange bureaus. Another option is to withdraw money from ATMs, which are widely available across the island. However, it is always recommended to inform your bank prior to your trip to avoid any issues with international transactions.

While the Eastern Caribbean dollar is the official currency, some establishments in Grenada also accept US dollars. However, it is important to note that change may be given in Eastern Caribbean dollars. Additionally, exchange rates for US dollars may vary slightly from the official rate, so it is advisable to check the current rates before making any transactions.

Overall, having a basic understanding of the Eastern Caribbean dollar and its value in relation to other currencies will ensure a smooth and hassle-free experience when visiting the beautiful island of Grenada.

Sign Up