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The history of currency in the British colony of St. Kitts closely follows that of the British Eastern Caribbean territories in general. Even though Queen Anne's proclamation of 1704 brought the gold standard to the West Indies, silver pieces of eight (Spanish dollars and later Mexican dollars) continued to form a major portion of the circulating currency right into the latter half of the ...
Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with banknotes from 1965 and coins from 1981. The EC$ is now issued by the Eastern Caribbean Central Bank, based in the city of Basseterre, in Saint Kitts and Nevis.
British Guiana withdrew from the currency union in 1966. Grenada, which had used the Trinidad and Tobago dollar from 1964, rejoined the common currency arrangement in 1968. [4] Barbados withdrew from the currency union in 1972, following which the ECCA headquarters were moved to Basseterre in St. Kitts. [4]
Wesleyan Chapel, Basseterre, St. Christopher's, West Indies (1850) [3] Basseterre was founded in 1627 by the French, under Sieur Pierre Belain d'Esnambuc.It served as the capital of the French colony of Saint-Christophe, which consisted of the northern and southern extremities of the island of St. Kitts (the centre was yielded to Britain).
British Guiana withdrew from the currency union the following year. Grenada rejoined the common currency arrangement in 1968 having utilized the Trinidad and Tobago dollar from 1964. [2] Barbados withdrew from the currency union in 1972, following which the ECCA headquarters were moved to St. Kitts. [2]
In 1635, when it was part of Saint Kitts and Nevis, an expedition was seeking a place of lasting presence in Guadeloupe. The operation was entrusted to Charles Liénard de l'Olive and Jean du Plessis d'Ossonville together with 4 missionaries and 550 colonists. The landing took place on 28 June 1635, at Pointe Allègre, far from Basse-Terre.
From St Kitts the British settled the islands of Antigua, Montserrat, Anguilla and Tortola, and the French settled Martinique, the Guadeloupe archipelago and Saint Barthélemy. During the late 17th century, France and England fought for control over St Kitts and Nevis, fighting wars in 1667, [14]: 41–50 1689–90 [14]: 51–55 and 1701–13.
St. Kitts and Nevis is a member of the Eastern Caribbean Currency Union (ECCU) The Eastern Caribbean Central Bank (ECCB) issues a common currency (the East Caribbean dollar) for all members of the ECCU. The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries.