Paying for meals, activities, hotels, and anything else you could want is easy on Grenada, where major credit cards, traveler's checks, and two forms of cash are accepted.
The official currency of Grenada is the Eastern Caribbean dollar, which is also used throughout most of the Eastern Caribbean. Currency is issued in denominations of $5(EC), $10(EC), $20(EC), $50(EC), and $100(EC). Coins are issued in denominations of $0.01(EC), $0.02(EC), $0.05(EC), $0.10(EC), $0.25(EC), and $1.00(EC). The Eastern Caribbean dollar is fixed to the U.S. dollar at a current rate of $2.70(EC) to $1(USD). The current exchange rate to the euro is , 1 to EC$3.72; the pound is £1 to EC$4.25. Exchange rates may vary slightly for traveler's checks and at various banks.
Both Eastern Caribbean and United States dollars are widely accepted on Grenada, and many prices may be quoted in both currencies or just the U.S. dollar. Taxis, vendors, and other small merchants may only accept Eastern Caribbean dollars, and most establishments give local currency when issuing change. Ask which currency prices are quoted in. It may be wise to avoid carrying large bills because vendors may not have sufficient currency to issue change.
Most tourist establishments such as hotels and restaurants accept major credit cards and traveler's checks. Banks on the island include First Caribbean International Bank, Scotiabank, The Royal Bank of Trinidad and Tobago, the National Commercial Bank of Grenada, and the Grenada Cooperative Bank. Banks are found in the major tourist areas of St. George's and Grand Anse, but can also be found in Grenville and Carriacou. Bank hours are generally Monday through Thursday, 8:00 a.m. to 3:00 p.m., and 8:00 a.m. to 5:00 p.m. on Friday. Twenty-four-hour ATMs are available at most banks, the airport, and in St. George's and will accept cards on major networks such as Cirrus.
Whether you are enjoying Grenadian food, taking a guided tour, or scuba diving from the Bianca C, you can easily use cash, credit cards, and traveler's checks on your Grenada vacation.
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