The US dollar is widely accepted in
the Caribbean along with local
currency - albeit at a less-than-favourable
exchange rate. In fact, the US
dollar is the official currency in
the Virgin Islands, Turks and Caicos
and Puerto Rico. The British pound,
however, is not used in the former
British colonies, and while French
islands such as Guadeloupe and
Martinique do accept pounds, the
euro is the preferred currency.
As the majority of Caribbean
islands are fairly developed, at
least in the touristed areas,
travellers' cheques and credit cards
are accepted. ATMs accept debit and
credit cards linked to the Cirrus,
Plus and Visa networks, while most
hotels will change money, though at
less favourable rates than banks. In
less developed areas, it's best to
carry local currency as few
establishments will take credit
cards and ATMs are rare.
Cash and travellers' cheques
If you are going to be away from
urban or tourist centres or shopping
in local markets and stalls, cash is
a necessity - preferably in small
denominations of local currency. In
countries that do not have the euro
as their official currency, you will...
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Credit and debit cards
Credit cards are a handy back-up and
can be used either at ATMs or over
the counter at banks. MasterCard and
Visa are the most commonly accepted
in the Caribbean; other cards may
not be recognized and US-issued
cards are not...
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Wiring money
Having money wired from home using
one of the companies we've listed is
never convenient or cheap, and
should be considered a last resort.
It's also possible to have money
wired directly from a bank in your
home country to a bank in the...
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Costs
Your daily budget in the Caribbean
depends, of course, on where you are
travelling and how comfortable you
want to be. The cheapest
destinations are likely to be
Dominica, Trinidad and Tobago and
the Dominican Republic, where you...
read more >>
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