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LOCAL CURRENCY IN ST VINCENT AND GRENADINES

Want to know how much is your money worth in St Vincent And Grenadines? The currency used in St Vincent And Grenadines is called East Caribbean Dollar.

The Saint Vincentian East Caribbean Dollar is issued and managed by the Eastern Caribbean Central Bank. To find out the current currency exchange rates for East Caribbean dollar to other major currencies of the world, click on foreign currency rates.

Saint Vincentian Currency Information
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The currency used in St Vincent And Grenadines is called as the East Caribbean Dollar. This currency is denoted with the currency sign $ and the ISO 4217 Code for the Saint Vincentian East Caribbean Dollar is XCD. The East Caribbean Dollar, is the official currency of the St Vincent And Grenadines . It is divided into 100 smaller units called cent.

The constitution of St Vincent and Grenadines provides that the St Vincent And Grenadines government shall have the power to print the Saint Vincentian East Caribbean Dollar and cent coins to be used as a legal tender in St Vincent And Grenadines. The Saint Vincentian East Caribbean Dollar bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Saint Vincentian East Caribbean Dollar bill uses the decimal system, consisting of 100 equal units.

The symbol $, usually written before the numerical amount, is used for the Saint Vincentian East Caribbean Dollar.

Currently printed bank notes denominations are 5, 10, 20, 50, 100 dollars and the coins are minted in the denominations of 1, 2, 5, 10, 25 cents, 1 dollar and 2 dollar .

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How Does Balance of Trade and Investment Affect the Value of the Saint Vincentian East Caribbean dollar
Financial analysts regularly cite the balance of trade and investment in St Vincent And Grenadines as the most important influence on the value of the East Caribbean Dollar. The difference between what the St Vincent And Grenadines exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from East Caribbean Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into East Caribbean Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Saint Vincentian East Caribbean Dollar.
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