Central banks and currencies of the Caribbean

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This is a list of the central banks and currencies of the Caribbean.

There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4).

Country/TerritoryCurrencyCode Central bank Peg
Flag of Anguilla.svg  Anguilla East Caribbean dollar XCD Eastern Caribbean Central Bank 2.70 XCD = 1.00 USD
Flag of Antigua and Barbuda.svg  Antigua and Barbuda
Flag of Dominica.svg  Dominica
Flag of Grenada.svg  Grenada
Flag of Montserrat.svg  Montserrat
Flag of Saint Kitts and Nevis.svg  Saint Kitts and Nevis
Flag of Saint Lucia.svg  Saint Lucia
Flag of Saint Vincent and the Grenadines.svg  Saint Vincent and the Grenadines
Flag of Aruba.svg  Aruba Aruban florin AWG Central Bank of Aruba 1.79 AWG = 1.00 USD
Flag of the Bahamas.svg  Bahamas Bahamian dollar BSD Central Bank of The Bahamas 1.00 BSD = 1.00 USD
Flag of Barbados.svg  Barbados Barbadian dollar BBD Central Bank of Barbados 2.00 BBD = 1.00 USD
Flag of the Netherlands.svg  Caribbean Netherlands United States dollar USD De Nederlandsche Bank (monetary authority)
Federal Reserve Bank (U.S. dollar)
float
Flag of the Cayman Islands.svg  Cayman Islands Cayman Islands dollar KYD Cayman Islands Monetary Authority 1.00 KYD = 1.20 USD
Flag of Cuba.svg  Cuba Cuban peso CUP Central Bank of Cuba 24.00 CUP = 1.00 USD
Flag of Sint Maarten.svg  Sint Maarten Netherlands Antillean guilder [1] ANG Central Bank of Curaçao and Sint Maarten 1.79 ANG = 1.00 USD
Flag of Curacao.svg  Curaçao
Flag of the Dominican Republic.svg  Dominican Republic Dominican peso DOP Banco Central de la República Dominicana float
Flag of France.svg  Guadeloupe Euro EUR European Central Bank float
Flag-of-Martinique.svg  Martinique
Flag of France.svg  Saint Barthélemy
Flag of France.svg  Saint Martin
Flag of France.svg  French Guiana
Flag of Haiti.svg  Haiti Haitian gourde HTG Banque de la République d'Haïti float
Flag of Jamaica.svg  Jamaica Jamaican dollar JMD Bank of Jamaica float
Flag of Trinidad and Tobago.svg  Trinidad and Tobago Trinidad and Tobago dollar TTD Central Bank of Trinidad and Tobago float
Flag of the Turks and Caicos Islands.svg  Turks and Caicos Islands United States dollar USD Federal Reserve Bank float
Flag of the United States Virgin Islands.svg  United States Virgin Islands
Flag of Puerto Rico.svg  Puerto Rico
Flag of the British Virgin Islands.svg  British Virgin Islands
Surrounding countries and territories
Country/TerritoryCurrencyCode Central bank Peg
Flag of Bermuda.svg  Bermuda Bermudian dollar BMD Bermuda Monetary Authority 1.00 BMD = 1.00 USD
Flag of the United States (23px).png  United States United States dollar USD Federal Reserve Bank float
Flag of Mexico.svg  Mexico Mexican peso MXN Bank of Mexico float
Flag of Belize.svg  Belize Belize dollar BZD Central Bank of Belize 2.00 BZD = 1.00 USD
Flag of Guatemala.svg  Guatemala Guatemalan quetzal GTQ Bank of Guatemala float
Flag of Honduras.svg  Honduras Honduran lempira HNL Central Bank of Honduras crawling peg to USD
Flag of Nicaragua.svg  Nicaragua Nicaraguan córdoba NIO Central Bank of Nicaragua crawling peg to USD
Flag of Costa Rica.svg  Costa Rica Costa Rican colón CRC Central Bank of Costa Rica float
Flag of Panama.svg  Panama US dollar / Panamanian balboa USD / PAB Federal Reserve Bank / National Bank of Panama 1.00 PAB = 1.00 USD
Flag of Colombia.svg  Colombia Colombian peso COP Banco de la República float
Flag of Venezuela.svg  Venezuela Venezuelan bolívar soberano VEF Banco Central de Venezuela Disputed, ostensibly pegged to the Petro (cryptocurrency)
Flag of Guyana.svg  Guyana Guyanese dollar GYD Bank of Guyana float
Flag of Suriname.svg  Suriname Surinamese dollar SRD Central Bank of Suriname float

See also

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The Eastern Caribbean dollar 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 cents. It has been pegged to the United States dollar since 7 July 1976, at the exchange rate of US$1 = EC$2.70.

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The British West Indies dollar (BWI$) was the currency of British Guiana and the Eastern Caribbean territories of the British West Indies from 1949 to 1965, when it was largely replaced by the East Caribbean dollar, and was one of the currencies used in Jamaica from 1954 to 1964. The monetary policy of the currency was overseen by the British Caribbean Currency Board (BCCB). It was the official currency used by the West Indies Federation. The British West Indies dollar was never used in British Honduras, the Cayman Islands, the Turks and Caicos Islands, the Bahamas, or Bermuda.

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References

  1. The Caribbean guilder is to replace the Netherlands Antillean guilder (by an unspecified date).