Barbados is an island country in the Eastern Caribbean with a population of almost 300,000. It became an English colony in 1627 and an independent country in 1966. Most Barbadians are of African descent, and the country is known for its beautiful Caribbean sceneries and is therefore a popular tourist destination. The Barbadian Dollar was introduced in 1972, replacing the East Caribbean Dollar at par. It is pegged to the U.S. Dollar at a rate of 2 Barbadian Dollars per USD. Because of the peg, U.S. Dollars are widely accepted in Barbados.
See also: Eastern Caribbean States