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Eastern Caribbean Dollar
The Eastern Caribbean dollar (currency symbol, symbol: EC$; ISO 4217, code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign ''$'' or, alternatively, ''EC$'' to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cent (currency), cents. It has been Fixed exchange rate system, pegged to the United States dollar since 7 July 1976, at the exchange rate of = .70. Circulation Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union. Other associate members of the OECS do not use the Eastern Car ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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Saint Vincent And The Grenadines
Saint Vincent and the Grenadines, sometimes known simply as Saint Vincent or SVG, is an island country in the eastern Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies, at the southern end of the eastern border between the Caribbean Sea and the Atlantic Ocean. To the north lies Saint Lucia, to the east is Barbados, and Grenada lies to the south. Spanning a land area of , most of its territory consists of the northernmost island of Saint Vincent, which includes the capital and largest city, Kingstown. To the south lie two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands; the remaining southern third make up Grenada. Seven of the islands are inhabited, of which the largest and most populous are Bequia, Mustique, Canouan, and Union Island. With an estimated population of around 110,872, Saint Vincent and the Grenadines has a population density of over 300 inhabitants/km2 (700 per sq ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ...
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French Franc
The franc (; , ; currency sign, sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in French livre, decimal form) in 1795. After two centuries of inflation, it was Redenomination, redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 franc ...
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Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ...
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United States Virgin Islands
The United States Virgin Islands, officially the Virgin Islands of the United States, are a group of Caribbean islands and a territory of the United States. The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles. The islands have a tropical climate. The U.S. Virgin Islands consist of the main islands of Saint Croix, Saint John, and Saint Thomas and 50 other surrounding minor islands and cays. The total land area of the territory is . The territory's capital is Charlotte Amalie on the island of St. Thomas. Previously known as the Danish West Indies of the Kingdom of Denmark–Norway (from 1754 to 1814) and the independent Kingdom of Denmark (from 1814 to 1917), they were sold to the United States by Denmark for $25,000,000 in the 1917 Treaty of the Danish West Indies in which the United States also recognized Denmark's control over Greenland, and have since been an organized, unincorporated ...
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Danish West Indies
The Danish West Indies () or Danish Virgin Islands () or Danish Antilles were a Danish colony in the Caribbean, consisting of the islands of Saint Thomas with , Saint John () with , Saint Croix with , and Water Island. The islands of St Thomas, St John, and St Croix were purchased by United States in 1917 and became known as the United States Virgin Islands. Water Island was sold in 1905 to the Danish East Asiatic Company and bought by the U.S. Government in 1944. In 1996, it also became part of the U.S. Virgin Islands. Historical overview Acquisition The Danish West India-Guinea Company annexed uninhabited St. Thomas in 1672. It annexed St. John in 1718 and bought St. Croix from France (King Louis XV) on 28 June 1733. When the Danish West India-Guinea Company went bankrupt in 1754, King Frederik V of Denmark–Norway assumed direct control of the three islands. Although, during the Napoleonic Wars, Britain twice occupied the Danish West Indies, first in 1801� ...
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Martinique
Martinique ( ; or ; Kalinago language, Kalinago: or ) is an island in the Lesser Antilles of the West Indies, in the eastern Caribbean Sea. It was previously known as Iguanacaera which translates to iguana island in Carib language, Kariʼnja. A part of the French West Indies (Antilles), Martinique is an Overseas departments and regions of France, overseas department and region and a single territorial collectivity of France. It is a part of the European Union as an outermost region within the special territories of members of the European Economic Area, and an associate member of the Caribbean Community, CARICOM, the Organization of Eastern Caribbean States (OECS), the Association of Caribbean States (ACS), and the Economic Commission for Latin America and the Caribbean (ECLAC) but is not part of the Schengen Area or the European Union Customs Union. The currency in use is the euro. It has been a UNESCO Biosphere Reserve since 2021 for its entire land and sea territory. In ...
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Guadeloupe
Guadeloupe is an Overseas departments and regions of France, overseas department and region of France in the Caribbean. It consists of six inhabited islands—Basse-Terre Island, Basse-Terre, Grande-Terre, Guadeloupe, Grande-Terre, Marie-Galante, La Désirade, and two Îles des Saintes—as well as many uninhabited islands and outcroppings. It is south of Antigua and Barbuda and Montserrat and north of Dominica. The capital city is Basse-Terre, on the southern west coast of Basse-Terre Island; the most populous city is Les Abymes and the main centre of business is neighbouring Pointe-à-Pitre, both on Grande-Terre Island. It had a population of 395,726 in 2024. Like the other overseas departments, it is an integral part of France. As a constituent territory of the European Union and the eurozone, the euro is its official currency and any European Union citizen is free to settle and work there indefinitely, but is not part of the Schengen Area. It included Saint Barthélemy and C ...
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British Virgin Islands
The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territories, British Overseas Territory in the Caribbean, to the east of Puerto Rico and the United States Virgin Islands, US Virgin Islands and north-west of Anguilla. The islands are geographically part of the Virgin Islands, Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles and part of the West Indies. The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke, along with more than 50 other smaller islands and cays. About 16 of the islands are inhabited. The capital, Road Town, is on Tortola, the largest island, which is about long and wide. The islands had a population of 28,054 at the 2010 Census, of whom 23,491 lived on Tortola; current estimates put the population at 35,802 (July 2018). The economy of the territory is overwhelmingly dominated by tourism and financial services. In terms of financi ...
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Eastern Caribbean Currency Union
The Eastern Caribbean Currency Union (ECCU) is one of the world's four regional currency unions. The union is a development of the Organization of Eastern Caribbean States, in which the member countries agree to share the same currency, the Eastern Caribbean dollar (EC dollar). The ECCU is composed of the nations of Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines and the British territories of Anguilla and Montserrat. The ECCU economies are very small and vulnerable to impacts. Geographic barriers also pose a challenge for market integration, and high import and production costs affects economic activity. With a combined total population in 2013 of approximately 500,000 inhabitants and a 1998 GDP of $2.6 billion, the countries face risks from natural disasters. The ECCU came into operation in 1983 when it replaced its predecessor, the Eastern Caribbean Currency Authority. The currency union operates under the sup ...
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