The Eastern Caribbean Central Bank serves eight member territories under a single currency, a monetary union that has persisted since 1983 with remarkable stability by Caribbean standards. Grenada's nutmeg association runs deep — the island once supplied roughly a third of the world's nutmeg, and the crop's destruction during Hurricane Ivan in 2004 was an economic catastrophe from which the industry took over a decade to meaningfully recover.
This issue is part of the ECCB's broader bullion and commemorative program launched to give individual member states numismatic identity within the shared currency framework.
The Eastern Caribbean Central Bank serves eight member territories under a single currency, a monetary union that has persisted since 1983 with remarkable stability by Caribbean standards. Grenada's nutmeg association runs deep — the island once supplied roughly a third of the world's nutmeg, and the crop's destruction during Hurricane Ivan in 2004 was an economic catastrophe from which the industry took over a decade to meaningfully recover.
This issue is part of the ECCB's broader bullion and commemorative program launched to give individual member states numismatic identity within the shared currency framework.