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Turks and Caicos Islands (TCI) is a British colony in the West Indies. Tourism, fishing and banking are the basis for the economy. Even though it is a british colony they use US dollar as currency because the primary trading economy and partner is America.
The government mints coins called Crowns, but these are generally only bought by tourists as souvenirs. However, the can be traded at the Treasury on par with the USD (1 crown = 1 US dollar).
If you plan on going to the Turks and Caicos Islands, you should exchange currency before arrival as there are no Foreign Exchanges on the islands.
A currency refers to a means of payment in one or several countries.
A currency can be shortened as a currency code of three letters.
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