The Eastern Caribbean Currency Union is a development of the Organization of Eastern Caribbean States, this organization is composed of Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. It is under the supervision of the Eastern Caribbean Central Bank. The member countries use a common currency, the East Caribbean dollar, which is pegged at EC$2.7169 to US$1. The resources and reserves of the member states have been pooled to improve the economic ability of all.
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