In today's world, Central banks and currencies of the Caribbean occupies a central place in society, whether on a personal, political, social or cultural level. Its importance lies in its influence on different aspects of daily life, as well as its role in history and human development. Over time, Central banks and currencies of the Caribbean has been the subject of debate, study and reflection, generating conflicting opinions and passionate discussions. From its impact on the economy to its role in individual identity, Central banks and currencies of the Caribbean has proven to be a topic of universal interest that invites us to reflect on who we are and where we are headed. In this article, we will explore the various facets of Central banks and currencies of the Caribbean, analyzing its meaning and its impact on the world today.
This is a list of the central banks and currencies of the Caribbean.
There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4).
Country/Territory | Currency | Code | Central bank | Peg |
---|---|---|---|---|
Bermuda | Bermudian dollar | BMD | Bermuda Monetary Authority | 1.00 BMD = 1.00 USD |
United States | United States dollar | USD | Federal Reserve Bank | float |
Mexico | Mexican peso | MXN | Bank of Mexico | float |
Belize | Belize dollar | BZD | Central Bank of Belize | 2.00 BZD = 1.00 USD |
Guatemala | Guatemalan quetzal | GTQ | Bank of Guatemala | float |
Honduras | Honduran lempira | HNL | Central Bank of Honduras | crawling peg to USD |
Nicaragua | Nicaraguan córdoba | NIO | Central Bank of Nicaragua | crawling peg to USD |
Costa Rica | Costa Rican colón | CRC | Central Bank of Costa Rica | float |
Panama | US dollar / Panamanian balboa | USD / PAB | Federal Reserve Bank / National Bank of Panama | 1.00 PAB = 1.00 USD |
Colombia | Colombian peso | COP | Banco de la República | float |
Venezuela | Venezuelan bolívar soberano | VEF | Banco Central de Venezuela | Disputed, ostensibly pegged to the Petro (cryptocurrency) |
Guyana | Guyanese dollar | GYD | Bank of Guyana | float |
Suriname | Surinamese dollar | SRD | Central Bank of Suriname | float |