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1 Dollar - Elizabeth II Pre-Decimal Coinage

Issuer Eastern Caribbean Central Bank
Year 2003
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Thickness 3.2 mm
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Obverse script Latin
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Reverse lettering $1
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Additional information

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.

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