Do you know that your EC Currency is 44 years old?

Before EC Currency, British Caribbean notes and coins, issued by the British Caribbean Currency Board (BCCB), were the currency in circulation.

Following the withdrawal of Trinidad and Tobago and British Guyana from the BCCB, the East Caribbean Currency Authority (ECCA) was established in 1965 as the authority to issue and manage a common currency for Barbados, and the Leeward and Windward islands.

– The first EC currency was issued on October 6^th, 1965.

– From October 1965 to July 7, 1976 the EC Currency was pegged to the pound sterling at a rate of EC$4.80 to £1.00.

– Since July 7, 1976, 34 years ago, the EC Dollar has been pegged to the US dollar at a parity of EC$2.70 to US$1.00.

– That the Eastern Caribbean Central Bank (ECCB) was established in October 1983 as a fully-fledged Central Bank. Headquartered in St. Kitts, the ECCB is the Monetary Authority for a group of eight island economies namely – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines.

So, now you know!

Your Money, Your Future!