The official currency in Grenada is the East Caribbean Dollar (code XCD; symbol EC$), divided into 100 cents. Notes in circulation come in denominations of EC$100, EC$50, EC$20, EC$10 and EC$5. Coins come in denominations of EC$1, and 50, 25, 10, 5, 2 and 1 cents.
The Eastern Caribbean dollar is fixed to the US dollar at a rate approximately US$1.00 = EC$2.7. US dollar is also accepted at many businesses in Grenada for payment. It is recommended to always make sure if a quoted price is in EC or US dollars (particularly with taxi drivers). When paying with US dollars, change is often given in EC dollars.
Foreign Currency Exchange
Foreign currency can be exchanged at banks or money exchange offices. Banks will typically give better rates. Most banks are located in the main tourist areas of St. George's and Grand Anse, some can also be found in Grenville and Carriacou.
Automated Teller Machines (ATMs) are available in Grenada, mostly in St George's. The ATMs in Grenada accept international debit and credit cards on major networks such as Cirrus or Plus. Most ATMs are located at banks or at the airport.
Major credit cards, such as Visa, MasterCard, American Express and Diners Club, are widely accepted by many hotels, shops, larger restaurants or car rental companies. Note that most gas stations don't accept credit cards.
Traveler's checks are widely accepted in Grenada. For best rates it is recommended to bring checks in US dollars.
Typically banks in Grenada are open from 8:00am to 3:00pm, Monday to Thursday and 8:00am to 5:00pm on Fridays.
Many restaurants add a 10% services charge to the bills. I such cases tipping is not required, otherwise a 10% tip is customary.
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