The East Caribbean Dollar (XCD) is a unique currency as it serves eight members of the Eastern Caribbean Currency Union, including nations like Saint Lucia, Dominica, and Grenada, which allows it to foster economic unity in the region. Initially introduced in 1965 as a successor to the British West Indies Dollar, the XCD is pegged to the US dollar, promoting financial stability across its island nations.

Interestingly, despite its regional usage, the East Caribbean Dollar’s banknotes and coins are uniform, featuring a rich array of designs that celebrate each country’s unique cultural heritage and shared history, such as the image of Queen Elizabeth II on the obverse of banknotes—highlighting its colonial legacy. This blend of unity and distinctiveness makes the XCD not only a medium of exchange but also a symbol of shared identity among Caribbean nations.