The Eastern Caribbean Central Bank serves eight island territories — Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines — none of which operates an independent central bank, making the ECCB one of the few currency unions in the world where member states have no individual monetary institutions whatsoever. Collector issues like this one are among the few gold coins issued under the EC dollar authority, a currency that has maintained a fixed peg to the US dollar at 2.70 since 1976.
The Eastern Caribbean Central Bank serves eight island territories — Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines — none of which operates an independent central bank, making the ECCB one of the few currency unions in the world where member states have no individual monetary institutions whatsoever. Collector issues like this one are among the few gold coins issued under the EC dollar authority, a currency that has maintained a fixed peg to the US dollar at 2.70 since 1976.