October 17, 2019

Conduct pilot for upcoming launch of digital asset

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By Rishma Banerjee From BTC Wires According to recently published reports, the Eastern Caribbean Central Bank (ECCB) is all set to conduct a pilot for a blockchain-based central bank digital currency (CBDC), as a preparatory move for its full rollout as a legal tender, possibly by 2020. As a part of this initiative the ECCB, just a […]

Building resilience to natural disasters and climate change in Grenada and the Caribbean

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IMF Deputy Managing Director Tao Zhang Grenada February 13, 2019 Ladies and gentlemen, good afternoon! It is an honor for me to speak with you today on my first visit to Grenada. Before coming here, I had often heard Grenada being referred to as an “Isle of Spice.” This simple catch-phrase distinguished it from other Caribbean […]

2018 Christmas Message by Timothy N.J. Antoine Governor, Eastern Caribbean Central Bank

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“Thanks be to God for his indescribable gift”  (2 Corinthians 9:15, NIV) My dear ECCB family, Greetings to you in this yuletide season – a unique celebration of faith, family, love and hope. As we reflect on the year soon ending, we acknowledge the many challenges facing our Currency Union. These include:  climate change and […]

PM Mitchell assumes Chairmanship of ECCB Monetary Council

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From The New Today Prime Minister Dr. Keith Mitchell is back for another one-year stint as Chairman of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) which is rotated annually among the respective Ministers of Finance in the member states. Dr. Mitchell is taking over from the outgoing Chairman, Prime Minister Roosevelt Skerrit […]

ECCB Reconstitutes Eastern Caribbean Payments Council

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ECCB – an Institute of the OECS Friday, July 6, 2018 — Basseterre, St Kitts and Nevis, 6 July 2018 – As part of its mandate to provide general oversight of the payment and settlements system, the Eastern Caribbean Central Bank (ECCB) has reconstituted the Eastern Caribbean Payments Council. The Payments Council was first established […]

Regional Debt Coordinating Committee takes steps to improve transparency on Regional Government Securities Market (RGSM)

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ECCB an Institution of the OECS Monday, April 30, 2018 — The Regional Debt Coordinating Committee (RDCC) has advanced its efforts to increase transparency and improve relationship among the stakeholders of the Regional Government Securities Market (RGSM). The RDCC, which comprises the financial secretaries of the eight ECCU countries and the Governor of the ECCB, has direct […]

Same day money transfer imminent throughout Eastern Caribbean Currency Union

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WINN from Caribbean News Now BASSETERRE, St Kitts (WINN) — Clients of commercial banks in the countries of the Eastern Caribbean Currency Union will soon be able to send and receive money in EC currency, same day between commercial banks in the ECCU. According to the Eastern Caribbean Central Bank (ECCB), the ECCU Electronic Funds […]

ECCU looks set for slower growth

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From WIC News The Eastern Caribbean Central Bank (ECCB) has projected a growth rate of 2.2%, well below the 5% target for the Eastern Caribbean Currency Union in 2018. The council, which comprises finance ministers of ECCU member states and whose current chairman is Dominica’s Prime Minister Roosevelt Skerrit, held its 90th meeting at ECCB […]

Short to medium-term financial fallout expected in hurricane-impacted islands

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By LK Hewlett From WINN FM St. Kitts and Nevis (WINN); With the initial estimate of damage in the Eastern Caribbean Currency Union from hurricanes Irma and Maria at EC$4.2 billion, the Eastern Caribbean Central Bank is projecting a resultant financial fall out in the fiscal performance of the impacted countries and the overall short […]

Caribbean Association of Banks supports Harmonized Credit Reporting Bill

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By Caribbean Association of Banks PRESS RELEASE – The Caribbean Association of Banks (CAB) commends the Eastern Caribbean Currency Union’s (ECCU) Monetary Council for approving the Harmonized Credit Reporting Bill and Regulations for the OECS Region, at its 87th Meeting of the ECCU Monetary Council on 2nd March, 2017. The CAB views the approval of […]