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East Caribbean States $20 note (rear) EC$20: Government House, Montserrat, Nutmeg: East Caribbean States $50 note (front) East Caribbean States $50 note (rear) EC$50: Sir K. Dwight Venner; Brimstone Hill Fortress National Park, St. Kitts; Map of the Organisation of Eastern Caribbean States, Tropical Fish East Caribbean States $100 note (front)
Before 1976, the EC dollar was pegged to the British pound sterling (GBP) at an exchange rate of EC$4.80 to £1.00. [3] However, since 7 July 1976, the EC dollar has been pegged to the US dollar at a fixed rate of EC$2.70 to US$1.00. [3] The fixed exchange rate allows for macroeconomic stability, low inflation, and growth of the financial ...
The price of silver rose and its export was embargoed. The exchange rate remained at par (2.055 per US$1) until 1918, when progressive depreciation set in. The government established a complete monopoly on foreign bills of exchange. Late in 1922 the free market rate fell to 5.405 per dollar.
De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating ) Soft pegs ( conventional peg , stabilized arrangement , crawling peg , crawl-like arrangement , pegged exchange rate within horizontal bands )
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East Caribbean dollar: XCD: Eastern Caribbean Central Bank: 2.70 XCD = 1.00 USD Antigua and Barbuda Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Aruba: Aruban florin: AWG: Central Bank of Aruba: 1.79 AWG = 1.00 USD Bahamas: Bahamian dollar: BSD: Central Bank of The Bahamas: 1.00 BSD = 1.00 USD ...
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The East Caribbean dollar is used in all seven member countries of the Organisation of Eastern Caribbean States (OECS) and Anguilla (a British overseas territory); the only OECS member using a different currency is the British Virgin Islands, [13] a British overseas territory where the U.S. dollar is the official currency.