East Caribbean dollar
$
The Eastern Caribbean dollar (symbol: EC$; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign $ or, alternatively, EC$ to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cents. It has been pegged to the United States dollar since 7 July 1976, at the exchange rate of US$1 = 2 XCD.70.Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union.
The other two associate members of the OECS do not use the Eastern Caribbean dollar as their official currency: the British Virgin Islands and Martinique. The British Virgin Islands were always problematic for currency purposes due to their proximity to the Danish West Indies, which became the United States Virgin Islands in 1917. Officially, the British Virgin Islands used to use sterling, but in practice the situation was more complicated and involved the circulation of French francs and U.S. dollars. In 1951, the British Virgin Islands adopted the British West Indies dollar which at that time operated in conjunction with the sterling coinage, and in 1959 they changed over officially to the U.S. dollar.
Martinique, as part of France, uses the euro as its currency.
British Guiana and Barbados had previously been members of the Eastern Caribbean Currency Union but withdrew in 1966 and 1972, respectively. Trinidad and Tobago had been a member of the earlier British West Indies currency union, but withdrew in 1964.
The combined population of the EC$ area is about 613,000 (2014 census and estimates ), which is comparable to Montenegro or the American capital city of Washington, D.C. The combined GDP is 5.46 billion US dollars, which is comparable to Bermuda.
Queen Elizabeth II appears on the banknotes and also on the obverse of the coins. She was the head of state of all the states and territories using the EC$, except for Dominica. Dominica is nevertheless a member of the Commonwealth of Nations which recognised Queen Elizabeth II as Head of the Commonwealth.
Country
-
Anguilla
Anguilla is a British Overseas Territory in the Caribbean. It is one of the most northerly of the Leeward Islands in the Lesser Antilles, lying east of Puerto Rico and the Virgin Islands and directly north of Saint Martin. The territory consists of the main island of Anguilla, approximately 16 mi long by 3 mi wide at its widest point, together with a number of much smaller islands and cays with no permanent population. The territory's capital is The Valley. The total land area of the territory is 35 mi2, with a population of approximately.
The native Arawak name for the island was Malliouhana. -
Antigua and Barbuda
Antigua and Barbuda is a sovereign island country in the West Indies. It lies at the conjuncture of the Caribbean Sea and the Atlantic Ocean in the Leeward Islands part of the Lesser Antilles, at 17.060816°N latitude and -61.796429°W.
The country consists of two major islands, Antigua and Barbuda, which are approximately 40 km apart, and several smaller islands, including Great Bird, Green, Guiana, Long, Maiden, Prickly Pear, York, and Redonda. The permanent population is approximately 97,120 ( estimates), with 97% residing in Antigua. St. John's, Antigua, is the country's capital, major city, and largest port. Codrington is Barbuda's largest town. -
Dominica
Dominica ( or ; Kalinago: Wai‘tu kubuli; Dominique; Dominican Creole French: Dominik), officially the Commonwealth of Dominica, is an island country in the Caribbean. The capital, Roseau, is located on the western side of the island. It is geographically situated as part of the Windward Islands chain in the Lesser Antilles archipelago in the Caribbean Sea. Dominica's closest neighbours are two constituent territories of the European Union, the overseas departments of France, Guadeloupe to the northwest and Martinique to the south-southeast. Dominica comprises a land area of 750 km2, and the highest point is Morne Diablotins, at 1447 m in elevation. The population was 71,293 at the 2011 census.
The island was settled by the Arawak arriving from South America in the fifth century. The Kalinago displaced the Arawak by the 15th century. Columbus is said to have passed the island on Sunday, 3 November 1493. It was later colonised by Europeans, predominantly by the French from the 1690s to 1763. The French imported enslaved people from West Africa to Dominica to work on coffee plantations. Great Britain took possession in 1763 after the Seven Years' War, and it gradually established English as its official language. The island gained independence as a republic in 1978. -
Grenada
Grenada (Grenadian Creole French: Gwenad ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is 348.5 km2, and it had an estimated population of 124,523 in July 2021. Its capital is St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace crops.
Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Following several unsuccessful attempts by Europeans to colonise the island due to resistance from resident Island Caribs, French settlement and colonisation began in 1649 and continued for the next century. On 10 February 1763, Grenada was ceded to the British under the Treaty of Paris. British rule continued until 1974 (except for a brief French takeover between 1779 and 1783). However, on 3 March 1967, it was granted full autonomy over its internal affairs as an Associated State, and from 1958 to 1962 Grenada was part of the Federation of the West Indies, a short-lived federation of British West Indian colonies. -
Montserrat
Montserrat is a British Overseas Territory in the Caribbean. It is part of the Leeward Islands, the northern portion of the Lesser Antilles chain of the West Indies. Montserrat is about 16 km long and 11 km wide, with roughly 40 km of coastline. It is nicknamed "The Emerald Isle of the Caribbean" both for its resemblance to coastal Ireland and for the Irish ancestry of many of its inhabitants. Montserrat is the only non-fully sovereign full member of the Caribbean Community and the Organisation of Eastern Caribbean States.
On 18 July 1995, the previously dormant Soufrière Hills volcano, in the southern part of the island, became active. Eruptions destroyed Montserrat's Georgian era capital city of Plymouth. Between 1995 and 2000, two-thirds of the island's population was forced to flee, primarily to the United Kingdom, leaving fewer than 1,200 people on the island in 1997 (rising to nearly 5,000 by 2016). The volcanic activity continues, mostly affecting the vicinity of Plymouth, including its docking facilities, and the eastern side of the island around the former W. H. Bramble Airport, the remnants of which were buried by flows from volcanic activity on 11 February 2010. -
Saint Kitts and Nevis
Saint Kitts and Nevis, officially the Federation of Saint Christopher and Nevis, is an island country and microstate consisting of the two islands of Saint Kitts and Nevis, both located in the West Indies, in the Leeward Islands chain of the Lesser Antilles. With 261 km2 of territory, and roughly 50,000 inhabitants, it is the smallest sovereign state in the Western Hemisphere, in both area and population, as well as the world's smallest sovereign federation. The country is a Commonwealth realm, with Charles III as King and head of state. It is the only sovereign federation in the Caribbean.
The capital city is Basseterre, located on the larger island of Saint Kitts. Basseterre is also the main port for passenger entry (via cruise ships) and cargo. The smaller island of Nevis lies approximately 3 km to the southeast of Saint Kitts, across a shallow channel called The Narrows. -
Saint Lucia
Saint Lucia (Sent Lisi, Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs (respectively), two Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of 617 km2 with an estimated population of over 180,000 people as of 2022. The nation's capital and largest city is Castries.
The first proven inhabitants of the island, the Arawaks, are believed to have first settled in AD 200–400. Around 800 AD, the island would be taken over by the Kalinago. The French were the first Europeans to settle on the island, and they signed a treaty with the native Caribs in 1660. England took control of the island in 1663. In ensuing years, England and France fought 14 times for control of the island, and the rule of the island changed frequently. Eventually, the British took full control in 1814. Because the island switched so often between British and French control, Saint Lucia was also known as the "Helen of the West" after the Greek mythological character, Helen of Troy. -
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is an island country in the Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies, at the southern end of the eastern border of the Caribbean Sea, where the latter meets the Atlantic Ocean.
Its 369 km2 territory consists of the main island of Saint Vincent and, south of that, two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands. Some of the Grenadines are inhabited—Bequia, Mustique, Union Island, Canouan, Petit Saint Vincent, Palm Island, Mayreau, Young Island—while others are not: Tobago Cays, Baliceaux, Battowia, Quatre, Petite Mustique, Savan and Petit Nevis. Most of Saint Vincent and the Grenadines lies within the Hurricane Alley.