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Council member for Grenada takes over Chairmanship of ECCB Monetary Council

By ECCB (PRESS RELEASE VIA SNO) – Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to Dr the Right Honourable Keith Mitchell, Council Member for Grenada, during the official Handing Over Ceremony on…

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

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…

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Same day money transfer imminent throughout Eastern Caribbean Currency Union

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…

Eight Caribbean island economies could adopt central bank-issued cryptocurrency

By ADAM REESE FROM ETHNEWS.COM According to an MoU signed by the premier of Montserrat, the eight island economies comprising the Eastern Caribbean Currency Union may have a central bank-issued cryptocurrency in their future. In a February 15 Facebook post,…

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ECCU looks set for slower growth

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…

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St. Kitts and Nevis pursues strategy towards poverty eradication

OECS Media Release Thursday, December 21, 2017 — The Federation of St. Kitts and Nevis launched their Enhanced Country Poverty Assessment (CPA), under the theme Assessing the level of progress made towards reducing poverty, and charting the course for promoting…

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

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…

EC dollar stable, secure, says ECCB

By Sharon Richards WINN From Caribbean News Now BASSETERRE, St Kitts (WINN) — The Eastern Caribbean Central Bank (ECCB) has given assurances that the EC dollar remains stable and that Eastern Caribbean banknotes are protected by the various security features…

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Eastern Caribbean Central Bank to publish annual report on the Financial Stability of the ECCU

BASSETERRE, ST. KITTS, JULY 26TH, 2017 (PRESS SEC) – The Eastern Caribbean Central Bank (ECCB) will start publishing a Financial Stability Report annually. This move will improve the public’s understanding of the eight-member Eastern Caribbean Currency Union’s financial system and…

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More migrants arrive in Cayman Islands A total of 15 migrants arrived by boat at Rum Point, Grand Cayman, late Wednesday evening (20 July 2016) and were taken into custody after their boat engine failed. The group, originally 16, had…