Chronological Highlights of the Organisation
1987
- 1989
|
|
|
The government of Anguilla became a full member of the ECCB
on April 1.
- The coded $5.00 and $20.00 notes were introduced on April
8.
- An ECCB Resident Representative Office was established
in St Lucia on
October 1.
ECCB established a market for discounting and rediscounting
treasury bills, effective January 1988. An initial amount
of $20.0m at face value was made available from the bank’s
portfolio.
- ECCB spearheaded the installation of the Commonwealth
Secretariat Debt Recording and Management System (CS-DRMS)
in some of the member countries.
- A revised Pre-Shipment Finance Guarantee (PSFG) scheme
and a new Post-Shipment Discounting Guarantee (PSDG) scheme
became operational in September.
ECCB ceased to issue the $1.00 note which was replaced by
the $1.00 coin.
- Work commenced on the development of a Computer Enhanced
Balance of Payments Estimation System (CBOPES), with assistance
from the Canadian International Development Agency (CIDA).
- The first Governor of the ECCB, Mr Cecil Jacobs, OBE,
retired in September after many years of service to the Bank
and its predecessor, the East Caribbean Currency Authority.
- An ECCB Resident Representative Office was established
in Dominica on November 1.
- Mr K. Dwight Venner succeeded Mr Jacobs as Governor of
the ECCB from December 1.
- Installation of CS-DRMS , including entry of external
debt information was completed in all the Bank’s member
countries.
next >> 
1990 - 1993
|
1987
- 1989