Eastern Caribbean Central Bank
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The Eastern Caribbean Central Bank (ECCB) is the central bank for the
Eastern Caribbean dollar The Eastern Caribbean dollar ( symbol: EC$; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed si ...
and is the
monetary authority In finance and economics, a monetary authority is the entity that manages a country’s currency and money supply, often with the objective of controlling inflation, interest rates, real GDP or unemployment rate. With its monetary tools, a m ...
for the members of the
Organisation of Eastern Caribbean States The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal ri ...
(OECS), with the exception of the
British Virgin Islands ) , anthem = "God Save the King" , song_type = Territorial song , song = " Oh, Beautiful Virgin Islands" , image_map = File:British Virgin Islands on the globe (Americas centered).svg , map_caption = , mapsize = 290px , image_map2 = Bri ...
, Guadeloupe and
Martinique Martinique ( , ; gcf, label=Martinican Creole, Matinik or ; Kalinago: or ) is an island and an overseas department/region and single territorial collectivity of France. An integral part of the French Republic, Martinique is located in ...
. 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.) It was founded in October 1983 with the goal of maintaining the stability and integrity of the subregion's currency and
banking system A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...
in order to facilitate the balanced growth and development of its member states. The bank is headquartered in
Basseterre Basseterre (; Saint Kitts Creole: ''Basterre'') is the capital and largest city of Saint Kitts and Nevis with an estimated population of 14,000 in 2018. Geographically, the Basseterre port is located at , on the south western coast of Saint Kit ...
, 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. 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.


Governors

*Sir Cecil Jacobs, 1973 to 1989 *Sir
K. Dwight Venner Sir Kenneth Dwight Vincent Venner, KBE, SLC (c. 1946 – 22 December 2016) was the Governor of the Eastern Caribbean Central Bank, a position he held from December 1989 to November 2015. Prior to that, he served as the Director of Finance and Pl ...
, 1989 to 2015 * Timothy Antoine, since 2015


See also

*
Eastern Caribbean dollar The Eastern Caribbean dollar ( symbol: EC$; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed si ...
(EC$) *
Economy of the Caribbean The 'Economy of the Caribbean' is varied, but depends heavily on natural resources, agriculture and travel and tourism. Main trading partners Natural resources By international standards, minerals most valuable on the international market are fo ...
* Eastern Caribbean Securities Exchange *
Central banks and currencies of the Caribbean This is a list of the central banks and currencies of the Caribbean. There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and th ...
* Currencies of the British West Indies *
List of banks in the Americas This is a list of the banks in the Americas. Largest banks in the Americas The 15 largest banks in the Americas by total assets, as of 2019. Argentina See :Banks of Argentina Bahamas Central bank *Central Bank of The Bahamas Government-ow ...
*
List of countries by leading trade partners For most economies in the world, their leading export and import trading partner in terms of value is either the European Union or China, and to a certain degree, the United States and Russia. Other countries like Brazil, India, South Africa, So ...
*
List of countries by public debt Below is a list of countries and territories by government debt , public debt (also called government debt or sovereign debt). ''Gross'' government debt is government financial liabilities that are debt instruments. A ''debt instrument'' is a f ...
* List of countries by credit rating *
List of Commonwealth of Nations countries by GDP List of Commonwealth of Nations countries by GDP may refer to: * List of Commonwealth of Nations countries by GDP (nominal), a list using the current exchange rates for national currencies * List of Commonwealth of Nations countries by GDP (PPP)
*
List of Latin American and Caribbean countries by GDP growth This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in Latin American and the Caribbean nations for the latest years recorded in the CIA World Factbook. Nations are not included if their latest growth est ...
*
List of Latin American and Caribbean countries by GDP (nominal) This is a list of Latin American and Caribbean countries by gross domestic product (nominal) in USD according to the International Monetary Fund's estimates in the October 2018 World Economic Outlook database. Cuba is not included in the list d ...
*
List of Latin American and Caribbean countries by GDP (PPP) This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the April 2022 World Economic Outlook database. ...
*
List of countries by tax revenue as percentage of GDP This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart. Tax as ...
* List of countries by future gross government debt


References


External links


Eastern Caribbean Central Bank Web site
Banks established in 1983 Banks of the Caribbean Banks of Dominica Banks of Saint Lucia Central banks Economy of Anguilla Economy of Antigua and Barbuda Economy of Grenada Economy of Montserrat Economy of Saint Kitts and Nevis Economy of Saint Vincent and the Grenadines Economy of the Caribbean Community Economy of the Organisation of Eastern Caribbean States {{bank-stub