About the East Caribbean Dollar
The East Caribbean Dollar was introduced in 1965, replacing the British West Indies Dollar. It has been pegged to the U.S. Dollar since 1976.
The name 'Dollar' is common in the Caribbean and Americas, deriving from historical usage of Spanish and U.S. Dollars.
Interesting Facts
Pegged to the US Dollar
The East Caribbean Dollar is firmly pegged to the U.S. Dollar at a fixed rate of EC$2.70 to US$1.00, providing economic stability for the member states.
Regional Currency
It is the common currency for eight island nations in the Eastern Caribbean, making it a key element of regional economic integration.
Polymer Power
The ECCB has introduced a full series of polymer banknotes, enhancing durability and security against counterfeiting in the tropical climate.
Historical Timeline
British West Indies Dollar is introduced.
The East Caribbean Dollar is introduced.
The XCD is pegged to the U.S. Dollar at a fixed rate of 1 USD = 2.70 XCD.
The ECCB begins issuing a new series of polymer banknotes.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- XCD
- Symbol
- EC$
- Numeric Code
- 951
- Subunit
- Cent (1/100)
- Introduced
- 1965-01-01
Central Bank
- Name
- Eastern Caribbean Central Bank
- Headquarters
- Basseterre, Saint Kitts and Nevis
- Founded
- 1983
- Current Governor
- Timothy Antoine (since 2015)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.5%
- Interest Rate
- 2.00%
Exchange Rates
Used In
What Affects the XCD Exchange Rate?
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