Suvarna Garge (Editor)

Eastern Caribbean Central Bank

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Governor
  
Timothy Antoine

Headquarters
  
Basseterre

Founded
  
1983

Eastern Caribbean Central Bank httpsuploadwikimediaorgwikipediaendd7Eas

Central bank of
  
Anguilla, Antigua and Barbuda, Dominica

Anguillas indigenous commercial banks taken over by eastern caribbean central bank


The Eastern Caribbean Central Bank (ECCB) is the monetary authority of a group of six independent Caribbean nations namely:

  • Antigua and Barbuda,
  • Grenada,
  • Saint Kitts and Nevis,
  • Commonwealth of Dominica,
  • Saint Lucia,
  • Saint Vincent and the Grenadines,

    • and 2 British overseas territories

  • Anguilla,
  • Montserrat.

    • It was founded in October 1983 in order to maintain the stability of the East Caribbean dollar (EC$) and the integrity of the banking system in order to facilitate the balanced growth and development of member states.

    Its headquarters is located in the city of Basseterre, on the island of St. Kitts. It is overseen by a bank governor. ECCB's current Governor is Mr.Timothy Antoine.

    All of the ECCB members are also a part of the Organisation of Eastern Caribbean States (OECS). In early 2015, the bank announced plans to phase out the production of the 1 and 2 cent pieces. The date was finalised as July 1, 2015. When a motive was sought, it was stated that it takes about six cents to make one cent pieces and about eight cents to make a 2 cent piece. Also, most people after receiving them almost immediately discard them.

    References

    Eastern Caribbean Central Bank Wikipedia
    (Text) CC BY-SA