East Caribbean dollar conversion

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East Caribbean dollar

Worldwide use:

  • Antigua and Barbuda
  • Dominica
  • Grenada
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Anguilla
  • Montserrat

Description:

The Eastern Caribbean Central Bank, based in the city of Basseterre in Saint Kitts and Nevis, issues the EC$. In 2012 a new issue of notes was released with Braille features for the visually impaired. Coins come in denominations of 1, 2, 5, 10 and 25 Cents and 1 and 2 Dollar coins. Banknotes are issued in denominations of 5, 10, 20, 50 and 100 Dollar bills.

The East Caribbean Dollar, is the currency of the nine members of the Organization of the Eastern Caribbean States, with the exception of the British Virgin Islands, which uses the US Dollar. The East Caribbean Dollar is normally abbreviated with the $ sign but can also be used with EC$ to set it apart from the US Dollar. The combined population of the EC$ trading area is approximately 600,000.

Origin:

The term "West Indies" came into use by European traders to differentiate it from the Indies (South and Southeast Asia). In 1825, British Sterling was introduced to the West Indies as the British government wanted to extend the gold standard system to all its colonies. This was also as a result of the troubles occurring with the minting of the Spanish Dollar (pieces of eight) during the South American revolutions. After a number of inter-Island currency union failures, the East Caribbean Dollar came into circulation in 1965 and was the successor to the British West Indies Dollar.

Component units:

  • Cent (100)

Date introduced:

  • 1965

Central bank:

  • Eastern Caribbean Central Bank

Printer:

    Mint: