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Antigua and Barbuda Currency and Money information

Tourism dominates the economy of Antigua and Barbuda. Accounting for more than half of the GDP, Antigua is famous for its many exclusive luxury resorts. Investment Banking and Financial Services also comprise an important part of the economy. Major world banks with offices in Antigua include: Bank of America (Bank of Antigua), Barclays, Royal Bank of Canada (RBC), and Scotia Bank among others.

Antigua and Barbuda currency is the East Caribbean Dollar (sign: $; code: XCD). The East Caribbean Dollar was introduced in 1965 and is normally abbreviated with the dollar sign $ or, alternatively, EC$ to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cents. It has been pegged to the United States dollar at US$1 = EC$2.7 since 1976.

This currency is used by: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla and Montserrat. The EC$ is issued by the Eastern Caribbean Central Bank, located in Saint Kitts and Nevis. The bank was established by an agreement signed at Port of Spain on July 5, 1983: The Eastern Caribbean Central Bank Agreement.