ECCU

ECCU is an acronym that most commonly refers to the Eastern Caribbean Currency Union, a monetary arrangement among several Eastern Caribbean states that use the East Caribbean dollar (EC$) and operate under a shared central bank, the Eastern Caribbean Central Bank (ECCB). The ECCU is designed to promote price stability, regional financial integration, and coordinated economic policy across member economies.

The currency of the ECCU, the EC$, is pegged to the United States dollar at a fixed rate of 2.7 EC$ per 1 USD. The ECCB, established in 1983, serves as the central bank for the union, responsible for monetary policy, currency issuance, and financial regulation and supervision in member jurisdictions. The roots of the arrangement trace back to the East Caribbean Currency Authority, which began operations in the 1960s as a precursor to the current framework.

Member states of the ECCU are small Caribbean economies that participate in the shared currency arrangement, benefiting from a common monetary policy and improved financial stability across borders. The ECCU framework is closely linked to the Organization of Eastern Caribbean States (OECS), of which many member countries are also part.

Other uses: ECCU is an acronym that can refer to organizations or programs in different contexts beyond the Eastern Caribbean Currency Union. Because acronyms can be ambiguous, the intended meaning is usually inferred from the domain or geographic region in which it is used.