The Eastern Caribbean Central Bank (ECCB) published an anniversary update marking 42 years since its establishment and reaffirming its focus on maintaining financial stability across the Eastern Caribbean Currency Union (ECCU). The release highlighted the continued stability of the EC currency, which has been pegged since 7 July 1976 at XCD 2.70 to USD 1.00, and noted the Governor’s reference to the EC dollar being backed by nearly 99.0 per cent foreign reserves. Governor Timothy N.J. Antoine also underscored the ECCB’s core functions across its eight member territories, including supervising and regulating financial institutions, issuing the EC dollar, protecting deposits, and safeguarding the regional financial system, and referenced a staff complement of 306. The ECCB also linked the anniversary to the region’s Financial Information Month Festival, held under the theme “Financial Empowerment Through Education.”
Eastern Caribbean Central Bank 2025-10-01
Eastern Caribbean Central Bank marks its 42nd anniversary and reiterates commitment to EC dollar stability
The Eastern Caribbean Central Bank (ECCB) marked its 42nd anniversary, emphasizing its commitment to financial stability within the Eastern Caribbean Currency Union (ECCU). The EC dollar remains stable, pegged at XCD 2.70 to USD 1.00, backed by nearly 99% foreign reserves. Governor Timothy N.J. Antoine highlighted the ECCB's core functions, including financial supervision, currency issuance, deposit protection, and safeguarding the regional financial system.