Montserrat uses the East Caribbean dollar (XCD) as its official currency.
Key Facts About Montserrat’s Currency:
- Currency Name: East Caribbean Dollar
- Currency Code: XCD
- Symbol: $ or EC$
- Pegged to US Dollar: Fixed exchange rate of 1 USD = 2.70 XCD
- Issued by: Eastern Caribbean Central Bank (ECCB), which serves Montserrat and several other members of the Eastern Caribbean Currency Union (ECCU).
Additional Info:
- Montserrat shares the currency with seven other Eastern Caribbean countries:
- Antigua and Barbuda
- Dominica
- Grenada
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Anguilla
- The East Caribbean dollar is widely accepted throughout the region.
- Coins come in denominations of 1, 2, 5, 10, 25, and 50 cents.
- Banknotes are issued in $5, $10, $20, $50, and $100 denominations.
