Eastern Caribbean Currency Union
Eight-member Caribbean monetary union sharing the EC dollar, pegged at EC$2.70 per US dollar.
Five of the Eastern Caribbean Currency Union's eight members sell citizenship by investment, and its central bank governor, Timothy Antoine, sat in on the 24 September 2026 New York talks where two of their prime ministers asked the EU for a transition.
Last refreshed: 4 October 2026
Timeline for Eastern Caribbean Currency Union
Mentioned in: Caribbean PMs ask EU for CBI transition
Nomads & CommunitiesBackground
The Eastern Caribbean Currency Union has eight members: Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. They share the EC dollar, pegged at EC$2.70 to US$1 since 1976.
Its monetary authority, the Eastern Caribbean Central Bank, rests on an agreement signed on 5 July 1983 and opened on 1 October 1983 in Basseterre, St Kitts, replacing a currency authority set up in 1965. Timothy Antoine is its governor.
Five union governments run citizenship-by-investment schemes. Antoine attended the 24 September 2026 meeting in New York where the prime ministers of Saint Lucia and Antigua and Barbuda asked the European Commission for a longer wind-down of their passport sales. One monetary authority and one secretariat let the states negotiate as a bloc, which explains the single regional technical TEAM due to meet EU officials in October.