Saint Vincent and the Grenadines

The jurisdictional context of Saint Vincent and the Grenadines, a sovereign state in the Caribbean, gives Eastern Caribbean dollar (XCD) its local monetary role. The Eastern Caribbean Central Bank manages the common currency and regional monetary policy for participating states and territories. Participation in the Eastern Caribbean Currency Union links it to the Eastern Caribbean dollar and regional issuance by the Eastern Caribbean Central Bank. The jurisdiction is presented as a participant in a shared monetary area, not as the sole national issuer of the regional currency.