The single currency is the Eastern Caribbean dollar. The national currency is pegged to the US dollar. One Eastern Caribbean dollar is always equal to 37 US cents. The national currency is used on the territory of eight Caribbean states that form the Eastern Caribbean Currency Union. You can open an account in a Caribbean bank both in national currency and in US dollars, euros, British pounds sterling, Canadian dollars, Australian dollars, Singapore dollars, Hong Kong dollars, Swiss francs, UAE dirhams and Japanese yen.