Currency Union refers collectively to the member countries of Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Xxxxxxxxxxx and Nevis, Saint Lucia and Saint Xxxxxxx and the Grenadines which use the Eastern Caribbean currency as their official currency;
Currency Union means the Eastern Caribbean Currency Union and refers collectively to the territories of Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher and Nevis, Saint Lucia and Saint Vincent and the Grenadines which use the Eastern Caribbean currency as the official currency;
Currency Union means essentially that money was interchangeable between the two countries at a 1:1 par for an extended period of time, so that there was no need to convert prices. The basic source for currency union data is the IMF’s Schedule of Par Values and issues of the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. I supplement this with information from annual copies of The Statesman’s Yearbook .
Examples of Currency Union in a sentence
This Agreement shall be open for signature by any Participating Government of the Currency Union.
More Definitions of Currency Union
Currency Union means the Eastern Caribbean Currency Union (ECCU)