{"id":132810,"date":"2021-07-09T09:19:48","date_gmt":"2021-07-09T13:19:48","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=132810"},"modified":"2021-07-09T09:19:48","modified_gmt":"2021-07-09T13:19:48","slug":"2021-marks-45-years-of-ec-dollar-peg-to-us-dollar","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/","title":{"rendered":"2021 Marks 45 Years of EC Dollar Peg to US Dollar"},"content":{"rendered":"
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The <\/span>EC Dollar remains strong after 45 years of being pegged to the US Dollar at a fixed rate of EC$2.70 to US$1.00 on 7 July 1976.<\/span><\/p>

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The EC dollar serves as a source of stability for the people of the Eastern Caribbean Currency Union (ECCU) and the fixed exchange rate provides them with confidence in its value. On the international level, the stability of the value of the EC dollar provides ECCU\u2019s trading partners and external creditors with the assurance they need to pursue transactions.\u00a0\u00a0\u00a0<\/span><\/p>

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One key element in maintaining the value and stability of the currency is the ECCB\u2019s management of the region\u2019s pool of foreign reserves which has allowed the peg to continue unchanged for the last 45 years.\u00a0\u00a0<\/span><\/p>\n

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The stability of the EC Dollar can be attributed to the founding fathers and framers of the currency union, including past Governors, the Monetary Council and the Board of Directors whose efforts have allowed the currency to remain stable in spite of various threats to the global economy over the years.\u00a0<\/span><\/p>\n

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The EC Dollar remains strong after 45 years of being pegged to the US Dollar at a fixed rate of EC$2.70 to US$1.00 on 7 July 1976.   The EC dollar serves as a source of stability for the people of the Eastern Caribbean Currency Union (ECCU) and the fixed exchange rate provides them with […]<\/p>\n","protected":false},"author":3,"featured_media":132811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-132810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n2021 Marks 45 Years of EC Dollar Peg to US Dollar - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2021 Marks 45 Years of EC Dollar Peg to US Dollar\" \/>\n<meta property=\"og:description\" content=\"The EC Dollar remains strong after 45 years of being pegged to the US Dollar at a fixed rate of EC$2.70 to US$1.00 on 7 July 1976.   The EC dollar serves as a source of stability for the people of the Eastern Caribbean Currency Union (ECCU) and the fixed exchange rate provides them with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-09T13:19:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/07\/EC-Dollar-Pegg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"745\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"2021 Marks 45 Years of EC Dollar Peg to US Dollar\",\"datePublished\":\"2021-07-09T13:19:48+00:00\",\"dateModified\":\"2021-07-09T13:19:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\"},\"wordCount\":184,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:745\/h:315\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/07\/EC-Dollar-Pegg.jpg\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\",\"url\":\"https:\/\/antiguanewsroom.com\/2021-marks-45-years-of-ec-dollar-peg-to-us-dollar\/\",\"name\":\"2021 Marks 45 Years of EC Dollar Peg to US Dollar - 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