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Bank Notes and Coins
bullet Banknotes

Withdrawal of 1 and 2 Cent Coins
bullet Numismatic Collections
bullet Commemorative Coins
bullet Frequently Asked Questions
Security Features of the Bank Notes
History of EC Currency
Current Circulation Coins
Withdrawal of 1 and 2 Cent Coins Numismatic Collections
Commemorative Coins
Frequently Asked Questions


What is the exchange rate of the EC dollar to the US dollar?
Where can I exchange a mutilated note?
Can I purchase currency directly from the Eastern Caribbean Central Bank (ECCB)?
What should I do if I suspect a banknote in my possession to be counterfeit?
Can I be reimbursed for a counterfeit note?
What is the value of currency in circulation?
How is currency put into circulation?
Where are our banknotes and coins printed and minted?
Can I obtain specimen notes from the ECCB?
Where can I purchase numismatic coins issued by the ECCB?
What are the diameters and weights of the 2002 round coin family?

EXCHANGE RATE

What is the exchange rate of the EC dollar to the US dollar?
The EC dollar has been fixed to the US dollar at a rate of EC$2.70 to US$1.00 since 7 July 1976.  Prior to this the EC currency was fixed to the pound sterling at an exchange rate of EC$4.80 to £1.00. However, following the sterling’s depreciation (decline in value) in the 1970’s and the emergence of the United States as the region’s major trading partner, the decision was made to shift the peg to the US dollar. Any decision to alter the peg of the EC currency rests with the Monetary Council, the highest decision making body of the Eastern Caribbean Central Bank (ECCB).

BANK NOTES

Where can I exchange a mutilated note?
A mutilated note is one that is in such a condition that the value is questionable and warrants special examination to determine its value. Such a note may be exchanged at ECCB’s headquarters, ECCB’s Agency Offices or commercial banks, at partial or full value, provided that it satisfies certain conditions. top ^

Can I purchase currency directly from the Eastern Caribbean Central Bank (ECCB)?
The ECCB issues currency only to commercial banks and approved international financial institutions. top ^

What should I do if I suspect a banknote in my possession to be counterfeit?
You should immediately present the note to a Commercial Bank clearly identifying it as a suspect note or contact the nearest police station or the Eastern Caribbean Central Bank (ECCB) Agency Office in one of our member territories or the Currency Management Department at ECCB’s headquarters in St. Kitts at (869) 465-2537. If possible, you should provide information about the person from whom the note was received. top ^

Can I be reimbursed for a counterfeit note?
Counterfeits have no value and the Central Bank is therefore not responsible for reimbursement of counterfeit notes. The ECCB only has a legal responsibility for the currency it issues, which is the legal tender of the participating territories. top ^

What is the value of currency in circulation?
As at 31 March 2011, currency in circulation amounted to $759.22m. top ^

How is currency put into circulation?
Section 18(1) of the ECCB Agreement 1983 gives the ECCB the sole right to issue currency notes and coins in the territories of the participating governments. top ^

Currency is put into circulation by issue to commercial banks, based on the demand for currency by the public. Demand is influenced by a number of factors, which include seasonal patterns of consumer spending, for example carnival and Christmas. top ^

Where are EC banknotes and coins printed and minted?
De La Rue Currency, United Kingdom, prints banknotes for the Eastern Caribbean Currency Union (ECCU), while the Royal Mint, United Kingdom, mints our coins. top ^

Can I obtain specimen notes from the ECCB?
Specimen notes are only issued to Commercial Banks in the ECCB's member territories and selected Central Banks. top ^


COINS

Where can I purchase numismatic collections issued by the ECCB?
Numismatic collections can be purchased directly from ECCB Headquarters, ECCB Agency Offices and commercial banks in member territories. For further details please refer to the Numismatic Collections page in the Currency Section of our website.

What are the diameters and weights of the 2002 round coin family?

Denomination Diameter (mm) Weight (Grams)
One Cent 18.42 1.03
Two Cents 21.46 1.42
Five Cents 23.11 1.74
Ten Cents 18.06 2.59
Twenty-Five Cents 23.98 6.48
One Dollar 26.50 7.98

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