East Caribbean Dollar

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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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Its conservative policy of building up exchange cover for the Eastern Caribbean dollar to a much greater extent than required by its basic Agreement has led to monetary stability for member countries and made the EC dollar one of the strongest currencies in the region.
Commonwealth of Dominica adds offshore bank
The European Union is providing EC$39 million (One EC dollar = US$0.
EU funds for environment
The existence of this common currency may raise the risk of money laundering, but there is little evidence that the EC dollar is a primary vehicle for money laundering.
Antigua and Barbuda
Agriculture Minister Saboto Caesar told Parliament that banana exports to the United Kingdom between January and September this year varied from a low of 135 boxes, generating EC$2,700 (One EC dollar = US$0.
Banana shipments resume
Last December it unveiled a plan it said would help reverse an EC$43 million (One EC Dollar = US0.
LIAT re-fleeting
An anonymous businessman is also said to have put up a further 100,000 EC dollars, around pounds 18,000.
pounds 65,000 price on head of gunman who killed Catherine and left her husband Ben fighting for his life in Antigua; Parents keep vigil at their son's bedside

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