Caribbean Netherlands Travel Expat Business Currency Guide

What currency is used in Caribbean Netherlands?

The official currency of Caribbean Netherlands (country code: BQ) is the US dollar, with symbol $ and currency code USD.

Things to know about the US dollar

Here are a few things you may want to know about the U.S. dollar:

1. The U.S. dollar is the official currency of the United States and is used for all transactions within the country.

2. It is abbreviated as "USD": The U.S. dollar is abbreviated as "USD," and the symbol for the dollar is "$."

3. It is accepted worldwide: The U.S. dollar is a widely accepted currency and can be used for transactions in many countries around the world.

4. Its value fluctuates: The value of the U.S. dollar can fluctuate based on a variety of economic factors, such as interest rates, inflation, and the strength of the U.S. economy.

5. It is issued by the Federal Reserve: The U.S. dollar is issued by the Federal Reserve, which is responsible for managing the country's monetary policy. The Federal Reserve is a quasi-independent agency that is responsible for setting interest rates and regulating the money supply in the U.S.

The U.S. dollar is the official currency of several countries outside the United States, including:

1. East Timor: The U.S. dollar is the official currency of East Timor, a country located in Southeast Asia.

2. El Salvador: The U.S. dollar is the official currency of El Salvador, a country located in Central America.

3. Zimbabwe: The U.S. dollar is one of the official currencies of Zimbabwe, a country located in Southern Africa.

4. The British Virgin Islands: The U.S. dollar is the official currency of the British Virgin Islands, a group of islands located in the Caribbean Sea.

5. The Marshall Islands: The U.S. dollar is the official currency of the Marshall Islands, a group of islands located in the Pacific Ocean.

6. The Federated States of Micronesia: The U.S. dollar is the official currency of the Federated States of Micronesia, a country located in the Pacific Ocean.

The U.S. dollar banknotes and coins

The physical currency consists of coins and banknotes. The coins come in denominations of 1 cent (¢), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), and 50 cents (half dollar). The banknotes come in denominations of $1, $2, $5, $10, $20, $50, and $100.

The banknotes feature images of famous American historical figures, such as George Washington, Abraham Lincoln, and Benjamin Franklin. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.