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1 Dollar - Elizabeth II Pre-Decimal Coinage

Issuer Eastern Caribbean Central Bank
Year 2003
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Value 1 Dollar
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Obverse script Latin
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Reverse description The reverse features a decorative composition of four relief-rendered British pre-decimal coins of Queen Elizabeth II set against a background of stylised tropical flowers and foliage. The depicted coins include a crown displaying the numeral 4, a coin bearing the numeral 5, a coin showing the numeral 1, and a smaller coin displaying the laureate effigy of Queen Elizabeth II with the partial legend ELIZABETH II DEI GRATIA REGINA F·D·. The denomination $1 appears in the lower central exergual area of the field.
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The Eastern Caribbean Central Bank, established in 1983, took over monetary functions from the East Caribbean Currency Authority, which had itself replaced the British Caribbean Currency Board in 1965. The dollar it issues remains one of the few currencies still pegged at a fixed rate to the US dollar — at 2.70 EC to 1 USD, a rate unchanged since 1976. That rigidity is a deliberate policy choice by eight small island states that lack the economic mass to manage a floating currency independently.

By 2003, Elizabeth II's effigy on ECCB coinage had already cycled through multiple portrait updates, with this issue using the Rank-Broadley likeness adopted across most Commonwealth territories after 1998.