East Caribbean dollar facts for kids
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The East Caribbean dollar is the money used in eight countries in the Caribbean. Its symbol is $ or sometimes EC$ to show it's different from other dollars.
This currency has been around since 1965. It took the place of an older money called the British West Indies dollar. One East Caribbean dollar is made up of 100 cents.
Since 1976, the value of the East Caribbean dollar has been pegged to the United States dollar. This means its value is fixed. For example, US$1 is always worth EC$2.70.
Countries Using the East Caribbean Dollar
The East Caribbean dollar is used by eight members of the Organisation of Eastern Caribbean States. These countries work together on many things, including their money.
Six of these countries are independent nations:
- Antigua and Barbuda
- Dominica
- Grenada
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
The other two places are special territories of the United Kingdom. They are called British Overseas Territories:
All these countries, except Dominica, are also part of the Commonwealth realms. This means the King or Queen of the United Kingdom is also their head of state.
