Eastern Caribbean Central Bank

Eastern Caribbean Central Bank
Headquarters	Basseterre, St. Kitts
Established	October 1983
Governor	Timothy Antoine
Central bank of	OECS Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines;
Currency	Eastern Caribbean dollar; XCD (ISO 4217)

The Eastern Caribbean Central Bank (ECCB) is the central bank for the Eastern Caribbean dollar and is the monetary authority for the members of the Organisation of Eastern Caribbean States (OECS), with the exception of the British Virgin Islands and Martinique. Two of its core mandates are to maintain price and financial sector stability, by acting as a stabilizer and safe-guard of the banking system in the Eastern Caribbean Economic and Currency Union (OECS/ECCU.) ^[1]

It was founded in October 1983 with the goal of maintaining the stability and integrity of the subregion's currency and banking system in order to facilitate the balanced growth and development of its member states.

The bank is headquartered in Basseterre, St. Kitts, and is currently overseen by Mr. Timothy Antoine, the Bank Governor. Prior to assuming his post in February 2016, the bank was overseen by the late Sir K. Dwight Venner. ^[2]

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.

References

^ Schipke, Alfred; Cebotari, Aliona; Thacker, Nita (2013). The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems. International Monetary Fund. p. 381. Retrieved 12 September 2017.
^ "About the Eastern Caribbean Central Bank". www.eccb-centralbank.org. Retrieved 2016-09-21.

External links

Eastern Caribbean Central Bank Web site

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[1] Schipke, Alfred; Cebotari, Aliona; Thacker, Nita (2013). The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems. International Monetary Fund. p. 381. Retrieved 12 September 2017.

[2] "About the Eastern Caribbean Central Bank". www.eccb-centralbank.org. Retrieved 2016-09-21.

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v t e Central banks
Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board
Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel Accords
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund
Bretton Woods system	International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency
Lists	List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of the Americas

v t e Organisation of Eastern Caribbean States (OECS)
Members	Antigua and Barbuda Dominica Grenada Montserrat St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines	Caribbean portal
Associate members	Anguilla British Virgin Islands Guadeloupe Martinique
Financial institutions	East Caribbean dollar Eastern Caribbean Central Bank Eastern Caribbean Central Securities Registry Eastern Caribbean Securities Exchange
Other institutions	Eastern Caribbean Civil Aviation Authority Eastern Caribbean Supreme Court Eastern Caribbean Telecommunications Authority

See also

References

External links