Timeline

• 24.08.1704
• Rating of Spanish trade coins in the accounting currency:
  - Spanish Dollar (8 Spanish Reals in silver) at 72 Pennies
• 04.10.1788
• First issue of tokens by the plantation owner Sir Philip Gibbs, a second series was issued in 1792. They may have circulated throughout the island but were not recognised as currency.
• 04.08.1791
• Rating of foreign gold coins in the accounting currency:
  - Spanish Doubloon (8 Spanish Escudos in gold) at 90 Shillings
  - Portuguese Doubloon (6400 Portuguese Réis in gold) at 100 Shillings
  - English Guinea (21 Shillings Sterling in gold) at 30 Shillings
• 13.04.1836
• Rating of Spanish trade coins in the accounting currency:
  - Spanish Dollar (8 Spanish Reals in silver) at 75 Pennies
  - Spanish doubloon (8 Spanish escudos in gold) at 100 shillings
• 11.07.1839
• Rating of Spanish trade coins in the accounting currency:
  - Spanish Dollar (8 Spanish Reals in silver) at 78 Pennies
  - Spanish doubloon (8 Spanish escudos in gold) at 100 shillings
• 21.08.1848
• Devaluation of the accounting currency at a ratio of 100 : 156 (i.e. by 35.9%) and new rating of Spanish trade coins in Sterling currency:
  - Spanish Dollar (8 Spanish Reals in silver) at 50 Pence Sterling
  - Spanish Doubloon (8 Spanish Escudos in gold) at 64 Shillings Sterling
• 26.03.1879
• Law [Demonetization Act, No. 4 (41&42 Vic.)] on the demonetisation of the Spanish trade coins; effective 29.03.1879
• 09.05.1881
• Ordinance [Order in Council] on the proclamation of the British Coinage Act 1870; effective 18.06.1891.
  - 03.02.1898: Ordinance [Order in Council] on the proclamation of the British Coinage (Amendment) Act 1891; effective 22.04.1898
• ??.??.1911
• Law [Bank Note Act, No. 4] on the regulation of paper money issuance by commercial banks; effective ??.09.1911. The following banks issued paper money, denominated in Dollar of 50 Pence Sterling:
  - Colonial Bank (est. 1836), start on 01.07.1882
  - Royal Bank of Canada (est. 1864), start on 02.01.1909
  - Canadian Bank of Commerce (est. 1867), start on 02.02.1922
  - Barclays Bank (est. 1925), start on 01.09.1926.

Timeline

• ??.??.1937
• Law [Government Currency Notes (Barbados) Act, No. 12] on the establishment of a currency board and issuance of paper money by the government; effective 01.04.1938
• 01.04.1938
• Start of issuance of government paper money that circulated alongside the private paper money by the commercial banks

Valuation Regimes

• 1938-1951
• Fixed rate against British Pound

Timeline

• 30.03.1972
• Law [Central Bank of Barbados Act, No. 6 (ch. 323C)] on the establishment of the central bank and the creation of the national currency; effective immediately; effective 02.05.1972 (the bank opened on 15.05.1972)
• ??.11.1973
• Agreement between the Eastern Caribbean Currency Authority (ECCA) and the government of Barbados on the withdrawal from the Easter Caribbean monetary union; effective 31.03.1974
• 03.12.1973
• Start of currency exchange:
  - 03.12.1973: Start of issuance of the new banknotes and coins
  - 28.02.1974: Demonetization of the Eastern Caribbean currency (coins were tolerated until 30.04.1974).

Valuation Regimes

• 1973-1975
• Fixed rate against British Pound
• 1975-
• Fixed rate against US Dollar