In 1981, six Eastern Caribbean countries (Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia
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In 1981, six Eastern Caribbean countries (Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent, and the Grenadines) and two United Kingdom Overseas Territories (Anguilla and Montserrat) created the Organization of Eastern Caribbean States (or OECS) that started to use a shared currency, the Eastern Caribbean dollar (EC), which has been pegged to British pound from 1950 to 1976 and to the U.S. dollar since 1976.
What issues did these countries consider to adopt a common currency?
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The countries in the Organization of Eastern Caribbean States OECS considered several issues before adopting a common currency the Eastern Caribbean d...View the full answer
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