The East Caribbean dollar (sign: $; code: XCD) is the currency of eight of the nine members of the Organisation of Eastern Caribbean States (the one exception being the British Virgin Islands). It has existed since 1965, being the successor to the British West Indies dollar, 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 July 7, 1976 and the exchange rate is US$1 = EC$2.70.
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Famous quotes containing the words east, caribbean and/or dollar:
“The East is marvellously interesting for tracing our steps back. But for going forward, it is nothing. All it can hope for is to be fertilised by Europe, so that it can start on a new phase.”
—D.H. (David Herbert)
“It is a curious thing to be a woman in the Caribbean after you have been a woman in these United States.”
—Zora Neale Hurston (1891–1960)
“Give a beggar a dime and he’ll bless you. Give him a dollar and he’ll curse you for witholding the rest of your fortune. Poverty is a bag with a hole at the bottom.”
—Anzia Yezierska (c. 1881–1970)