GRENADA DOLLAR Meaning and
Definition
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Grenada Dollar is the official currency of Grenada, a Caribbean country located in the West Indies. It is denoted by the currency code GYD and is managed and issued by the Eastern Caribbean Central Bank (ECCB).
The Grenada Dollar is a decimal-based currency, divided into 100 cents. The coins in circulation are in denominations of 1 cent, 5 cents, 10 cents, 25 cents, and 1 dollar. Banknotes are available in the denominations of 5 dollars, 10 dollars, 20 dollars, 50 dollars, and 100 dollars. The currency features various symbols and images representing the natural and cultural heritage of Grenada, such as local wildlife, historical figures, and landmarks.
As the official legal tender of Grenada, the Grenada Dollar is widely accepted for all types of transactions within the country, including purchases, payments, and services. It is also accepted in other countries of the Eastern Caribbean Currency Union, which includes Anguilla, Antigua and Barbuda, Dominica, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.
Exchange rates for the Grenada Dollar fluctuate according to the foreign exchange market. International travelers visiting Grenada can exchange their currency for the local Grenada Dollar at banks, foreign exchange bureaus, and some hotels. It is advisable for tourists to carry some cash in the local currency for day-to-day expenses, as credit cards may not be accepted everywhere.
Common Misspellings for GRENADA DOLLAR
- frenada dollar
- vrenada dollar
- brenada dollar
- hrenada dollar
- yrenada dollar
- trenada dollar
- geenada dollar
- gdenada dollar
- gfenada dollar
- gtenada dollar
- g5enada dollar
- g4enada dollar
- grwnada dollar
- grsnada dollar
- grdnada dollar
- grrnada dollar
- gr4nada dollar
- gr3nada dollar
- grebada dollar
Etymology of GRENADA DOLLAR
The etymology of the word "Grenada Dollar" is derived from the country name "Grenada" and the currency "Dollar".
The name "Grenada" comes from the Spanish word "Granada", which means "pomegranate". It is believed to have been named by Christopher Columbus when he sailed past the island in 1498, noting its similarity to the Mediterranean city of Granada in Spain.
The term "Dollar" has its origins in the German word "Thaler", which was a silver coin used in Europe from the 16th to the 19th century. The Thaler was widely circulated and became known as the "dollar" in English-speaking countries.
Therefore, the term "Grenada Dollar" refers to the currency of Grenada, which is used for financial transactions within the country.
