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The exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = 4s 2d) continued until 1976 for the new Eastern Caribbean dollar. [ 1 ] For a wider outline of the history of currency in the region see Currencies of the British West Indies .
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] ... Saint Kitts and Nevis
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 Barbados: Barbadian dollar: BBD: Central Bank of Barbados: 2.00 BBD = 1.00 USD Caribbean Netherlands: United States dollar: USD
Consumer prices have risen marginally over the past few years. The inflation rate was 3–4% for most of the 1990s. St. Kitts and Nevis is a member of the Eastern Caribbean Currency Union (ECCU) The Eastern Caribbean Central Bank (ECCB) issues a common currency (the East Caribbean dollar) for all members of the ECCU. The ECCB also manages ...
Saint Kitts & Nevis uses the Eastern Caribbean dollar, which maintains a fixed exchange rate of 2.7-to-one with the United States dollar. [18] The US dollar is almost as widely accepted on the island as the Eastern Caribbean dollar.
The Eastern Caribbean Central Bank (ECCB) [2] is a supranational central bank that serves Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, all members of the Organisation of Eastern Caribbean States (OECS) that use the ECCB-issued Eastern Caribbean Dollar as their currency.
This organization is composed of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. It is under the supervision of the Eastern Caribbean Central Bank. The member countries use a common currency, the Eastern Caribbean dollar, which is pegged at EC$2.70 to US$1. [1]
St. Kitts and Nevis allows foreigners to obtain the status of St. Kitts and Nevis citizen by means of a government sponsored investment programme called Citizenship-by-Investment. [68] [1] Established in 1984, St. Kitts and Nevis's citizenship programme is the oldest prevailing economic citizenship programme of this