East Caribbean Dollar

About The East Caribbean Dollar: The Strong Currency of Eastern Caribbean States

Quick Facts About the East Caribbean Dollar Notes

Country of Origin	Eastern Caribbean States
Symbol	EC$
Currency Code	XCD
Nick Names
Minor units	Cent = 1/100 of a Dollar
Denominations (Banknotes)	EC$ 5, EC$ 10, EC$ 20, EC$ 50, and EC$ 100
Motto
Identification Feature
Issuing Bank	Eastern Caribbean Central Bank
In Circulation Since	1965

The Eastern Caribbean dollar can be broken into 100 cents and has been in circulation since the year 1965. Then, it was replaced by the British West Indies dollar. It makes it one of the oldest currencies in the region. Eastern Caribbean Dollar currency is the official currency of Eastern Caribbean States. The currency is used by Antigua and Barbuda, Dominica, Grenada, Anguilla, Saint Lucia, Saint Kitts, Nevis, Montserrat, Saint Vincent, and Grenadines.

The East Caribbean Dollar symbol is EC$ and it is managed by the Eastern Caribbean Bank. The East Caribbean Dollar has been pegged to US Dollars since 1976 at a rate of 2.7 XCD to 1 USD. The Eastern Caribbean Bank was established in 1983, and later took over the authority of the currency leaving the US dollar peg in place. The bank considers its dollar peg as a prime means to uphold price stability all over the region and keep inflation in check.

The value of the 1 East Caribbean dollar to INR is INR ⚠️ 🔄.

History of the East Caribbean Dollar

Before 1965, the Organisation of Eastern Caribbean States was part of the West Indies Federation (WIF) and was using BWI$ as their currency. In 1965 the British West Indies Dollar currency was replaced at parity by the East Caribbean Dollar. Between 1965 to 1983, the authority of Eastern Caribbean currency issued the EC$ with coins and notes. Eastern Caribbean Central Bank is responsible of the issuance of East Caribbean dollar. The bank was founded on 5th July 1983 by an agreement signed (The Eastern Caribbean Central bank Agreement) at Port of Spain.

Countries Accepting the East Caribbean Dollar

Amount in the East Caribbean Dollar You Should Carry for Your Trip

Generally, the Caribbean countries use the East Caribbean dollars, though many tourist destinations across the islands accept US dollars to encourage American traveller visits. Common types of credit cards such as Master Card, Visa, and American Express also work there. However, most credit card purchases occur in the local currency, with the East Caribbean dollar exchange rate handled by your bank.

In many places, it is better to buy East Caribbean dollar for small purchases, transportation, etc. you can easily find an East Caribbean dollar currency exchange window at Caribbean airports where you can buy and sell East Caribbean Dollar at live East Caribbean dollar rate. Other than that you can also exchange your money at local banks at East Caribbean dollar price.

East Caribbean Dollar exchange rates may vary but generally, banks offer a better rate than hotels, retailers, and airport outlets. Caribbean ATMs also hand out local currency where you have to pay an additional fee to get an ideal exchange rate on the amount you withdraw. You can also use East Caribbean dollar forex cards as well.