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.
Read more about East Caribbean Dollar: Circulation, History, Coins, Banknotes
Famous quotes containing the words east, caribbean and/or dollar:
“Once did She hold the gorgeous East in fee;
And was the safeguard of the West:”
—William Wordsworth (1770–1850)
“But now Miss America, World’s champion woman, you take your promenading self down into the cobalt blue waters of the Caribbean and see what happens. You meet a lot of darkish men who make vociferous love to you, but otherwise pay you no mid.”
—Zora Neale Hurston (1891–1960)
“You like money. You got a great big dollar sign there where most women have a heart.”
—Stanley Kubrick (b. 1928)