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Eastern Caribbean Central Bank information


Eastern Caribbean Central Bank
HeadquartersBasseterre, St. Kitts
EstablishedOctober 1983
Ownership100% state ownership[1]
GovernorTimothy Antoine
Central bank of
OECS
  • Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines
CurrencyEastern Caribbean dollar
XCD (ISO 4217)
Reserves1 560 million USD[1]
Websitewww.eccb-centralbank.org

The Eastern Caribbean Central Bank (ECCB) is a supranational central bank that serves Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, all members of the Organisation of Eastern Caribbean States (OECS) that use the ECCB-issued Eastern Caribbean Dollar as their currency. (Three other OECS members, the British Virgin Islands, Guadeloupe and Martinique use other currencies.) The ECCB was established in 1983, succeeding the British Caribbean Currency Board (1950–1965) and the Eastern Caribbean Currency Authority (1965–1983). It is also in charge of bank supervision within its geographical remit.

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).[2] The bank is headquartered in Basseterre, St. Kitts.

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ Schipke, Alfred; Cebotari, Aliona; Thacker, Nita (2013). The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems. International Monetary Fund. p. 381. ISBN 9781475577693. Retrieved 12 September 2017.

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