{"id":12265,"date":"2010-07-07T14:41:20","date_gmt":"2010-07-07T20:41:20","guid":{"rendered":"http:\/\/dominicanewsonline.com\/?p=12265"},"modified":"2010-07-07T14:53:47","modified_gmt":"2010-07-07T20:53:47","slug":"do-you-know-that-your-ec-currency-is-44-years-old","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/business\/do-you-know-that-your-ec-currency-is-44-years-old\/","title":{"rendered":"Do you know that your EC Currency is 44 years old?"},"content":{"rendered":"

\"\"<\/a>Before EC Currency, British Caribbean notes and coins, issued by the British Caribbean Currency Board (BCCB), were the currency in circulation.<\/p>\n

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.<\/p>\n

– The first EC currency was issued on October 6th<\/sup>, 1965.<\/p>\n

– From October 1965 to July 7, 1976 the EC Currency was pegged to the pound sterling at a rate of EC$4.80 to \u00a31.00.<\/p>\n

– 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.<\/p>\n

– 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 \u2013 Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines.<\/p>\n