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East Caribbean Dollar
(redirected from EC dollar)

   Also found in: Wikipedia 0.01 sec.
East Caribbean Dollar
The currency for all members and associate members of the Organisation of Eastern Caribbean States except for the British Virgin Islands. It traces its origins to the Spanish dollar, the world's leading currency in the 18th century, but it was first issued in 1965, replacing the British West Indian dollar at par.


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Some countries address the challenges of exchange rate exposure by pegging their local currency to that of a major trading partner (China, for example), others by adopting a regional currency (the European Union's euro and the Organization of Eastern Caribbean States' EC Dollar are examples).
 
 
 
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