Eastern Caribbean Central Bank

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Eastern Caribbean Central Bank

The central bank of the Organisation of Eastern Caribbean states, which consists of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. It is responsible for issuing and stabilizing the East Caribbean dollar.
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References in periodicals archive ?
Omer, research officer, strategic planning and projects at the Eastern Caribbean Central Bank (ECCB), will speak to the topic of 'Opportunities and Threats from a Move Toward Digital Currency.'
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 94 key countries as well as the EU, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.
The Eastern Caribbean Central Bank (ECCB) has announced plans to trial blockchain-based central bank digital currency (CBDC) cryptocurrency.
The Eastern Caribbean Central Bank licenses and supervises domestic commercial banks.
The Eastern Caribbean Central Bank sounded an alert to be on guard for circulation of counterfeit EC$100 notes within the Eastern Caribbean region, reports Caribbean360.com (May 26, 2014).
Covering both individual country and regional issues, chapters address the economic, social, and political setting; the institutional setup of the organization; economic growth issues; public debt; enhancing fiscal revenue; public expenditure rationalization; fiscal multipliers; experiences with sovereign debt restructuring; the banking sector; credit unions; the insurance sector; capital markets; offshore financial centers; the role of the Eastern Caribbean Central Bank; the optimal exchange rate regime; external competitiveness; the role of the private sector; and macroeconomic statistics for policymaking.
The Eastern Caribbean Central Bank (ECCB) issues the EC$, manages monetary policy, and regulates and supervises commercial banking activities in its member countries.
Antigua's government, which gave Stanford a knighthood in 2006, and the Eastern Caribbean Central Bank announced the takeovers on Friday, after a rush by depositors this week to withdraw their funds from Stanford banking affiliates.
Governor Dwight Venner of the Eastern Caribbean Central Bank said: "There has been an unusual and substantial withdrawal of funds by depositors from the bank precipitated by recently published statements regarding the chairman of the board of directors of the bank, which has the potential to create severe liquidity problems."
The six OECS nations also share a common currency, the Eastern Caribbean dollar, with monetary policy managed by the Eastern Caribbean Central Bank. The Caribbean Development Bank (CDB), headquartered in Barbados, promotes economic development and regional integration.
The website cited the Eastern Caribbean Central Bank (ECCB) as the source for its information.