Monday, 9 February 2009

Eastern Caribbean Story

Eastern Caribbean Currency...

The East Caribbean States, formerly the British Caribbean Territories (Eastern Group), formed a currency board in 1950 to provide the constituent territories of Trinidad & Tobago, Barbados, British Guiana (now Guyana), British Virgin Islands, Anguilla, St. Kitts, Nevis, Antigua, Dominica, St. Lucia, St. Vincent and Grenada with a common currency, thereby permitting withdrawal of the regular British Pound currency.


This was dissolved in 1965 and after the breakup, the East Caribbean Territories, a grouping including Barbados, the Leeward and Windward Islands, came into being. Coinage of the dissolved ‘Eastern Group’ continues to circulate. Paper currency of the East Caribbean Authority was first issued in 1965 and although Barbados withdrew from the group they continued using them prior to 1973 when Barbados issued a decimal coinage.

Posted by: Lunaticg
Courtesy of: lunaticg.blogspot.com

2 comments:

birdy said...

Thanks for sharing the story and a beautiful picture.

Maureen said...

I have to give credit to fellow blogger 'lunaticg' for this excellent informative blog post...

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