Understanding Currency in Grenada: A Traveler’s Guide
When planning a Caribbean journey, it’s always beneficial to learn the local currency—and in Grenada, this information makes navigating the island even easier. Grenada utilizes the Eastern Caribbean Dollar (XCD), the official currency of numerous Eastern Caribbean islands. It’s commonly written as “EC” or “EC$.” While the United States dollar (USD) is frequently accepted, particularly in hotels, restaurants, and tour operations, utilizing EC currencies usually provides the best value throughout your visit.
How the Currency Works
The Eastern Caribbean Dollar is tied to the US dollar at a fixed rate, which has kept it stable for decades. Prices on the island are typically stated in EC dollars, so familiarize yourself with standard conversions. Smaller purchases, such as purchasing local fruits, bus fares, or street food delicacies, are almost always easier with EC dollars, and some smaller merchants only accept cash payments.
Where to Exchange Money
You can exchange foreign currency at local banks, which are usually open Monday through Friday. Banks offer reasonable rates, and ATMs are widely available across St. George’s, Grand Anse, and the major cities. ATMs only accept EC dollars. While currency exchange kiosks are available at the Maurice Bishop International Airport, the rates in town are often better.
Using Credit Cards and Mobile Payments
Hotels, vehicle rental agencies, and larger restaurants accept major credit cards, including Visa and Mastercard. Smaller stores, local markets, and rural locations may not accept cards. While mobile payment options are expanding, cash remains the preferred method for many routine purchases.
Tips for Travelers
- Keep a mix of small bills and coins for buses, local shops, and beach vendors.
- Double-check whether prices are quoted in EC or USD, especially in tourist-heavy areas.
- Avoid carrying large amounts of cash; instead, withdraw as needed.
Whether you’re indulging in spices at the local market or enjoying seaside dining in Grand Anse, understanding Grenada’s currency helps you travel with confidence—and enjoy every moment on this beautiful island.
