Latest News
Request for Proposal - Construction Consultant/Project Manager for Construction of Bank Residence

The Eastern Caribbean Central Bank (ECCB) is currently accepting proposals from suitably qualified individuals or companies for Construction Consultant/Project Manager for the construction of a Residence.  The purpose of the Request for Proposal (RFP) is to solicit a proposal for the project which includes…

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Request for Proposal - Construction Consultant/Project Manager for Construction of Bank Residence

The Eastern Caribbean Central Bank (ECCB) is currently accepting proposals from suitably qualified individuals or companies for Construction Consultant/Project Manager for the construction of a Residence.  The purpose of the Request for Proposal (RFP) is to solicit a proposal for the project which includes assisting the Bank to secure adequate external resources (namely an Architect and a Contractor) as well as to provide professional project management to ensure timely delivery.  

Click here for details >>

Latest News
ECCB Announces New Council Member

The Eastern Caribbean Central Bank (ECCB) announces its new Monetary Council Member, the Honourable Camillo Gonsalves, Minister for Finance, Economic Planning, Sustainable Development and Information Technology for St Vincent and the Grenadines.

 

Minister Gonsalves will replace the longest serving Council…

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ECCB Announces New Council Member

The Eastern Caribbean Central Bank (ECCB) announces its new Monetary Council Member, the Honourable Camillo Gonsalves, Minister for Finance, Economic Planning, Sustainable Development and Information Technology for St Vincent and the Grenadines.

 

Minister Gonsalves will replace the longest serving Council Member, Dr The Honourable Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, who served as ECCB Monetary Council Member from March 2001 to November 2017. 

 

“The Monetary Council members, Board of Directors and Management and Staff of the ECCB welcome Minister Gonsalves to the ECCB team in his capacity as Council Member for
St Vincent and the Grenadines. Like his predecessor, we anticipate nothing but full commitment and stellar contribution to the highest decision making body of the Bank during his tenure. I look forward to working closely with him towards the advancement of our region,”
said the Honourable Roosevelt Skerrit, Chairman of the Monetary Council.

 

Prior to his appointment, the Honourable Camillo Gonsalves was the Permanent Representative of St Vincent and the Grenadines to the United Nations, a position he held for over five years.  He was the Minister of Foreign Affairs, Foreign Trade, Commerce and Information Technology from September 2013 to December 2015.  His professional experience also includes journalism and service as Senior Crown Counsel for the Government of St Vincent and the Grenadines.

 

As the new council member, Minister Gonsalves is expected to attend his first council meeting, the 90th Meeting of the Monetary Council, carded for 16 February 2018 in St Kitts and Nevis.

 

The ECCB Monetary Council is the highest decision making body of the ECCB and comprises the Ministers of Finance from the eight member governments: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and
St Vincent and the Grenadines.

 

Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department

Phone: (869) 465-2537 | Fax: (869) 465-9562

E-mail: info@eccb-centralbank.org | Website: www.eccb-centralbank.org

Latest News
ECCB Sponsors ECCU Electronic Conveyancing System Project Consultancy

The Eastern Caribbean Central Bank (ECCB) has taken the initiative to sponsor the consultancy for the Eastern Caribbean Currency Union (ECCU) Electronic Conveyancing System Project.

 

This initiative is expected to ultimately facilitate the enhancement of the region’s competitiveness through an overhaul of the…

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ECCB Sponsors ECCU Electronic Conveyancing System Project Consultancy

The Eastern Caribbean Central Bank (ECCB) has taken the initiative to sponsor the consultancy for the Eastern Caribbean Currency Union (ECCU) Electronic Conveyancing System Project.

 

This initiative is expected to ultimately facilitate the enhancement of the region’s competitiveness through an overhaul of the land registration systems of the ECCU. It is intended to provide a framework for a more modernised arrangement which will yield greater predictability and simplicity in the property transfer system.

 

The project also aims at facilitating the efficiency in land registration, improvements in land use by governments and easier valuation and taxations systems.

 

The two main phases of the project are:

 

  • Phase 1 – identification and review of current laws and regulations with respect to land registration in the ECCU; and
  • Phase 2 – revision, modernisation and drafting of harmonised land legislation for the ECCU based on the parcel system of registration that is more responsive to modern financial and commercial practices.

 

The ECCB is working with a team of consultants from the Charles Juris Chambers of the Commonwealth of Dominica. The team comprises, the lead, John Elue Charles, Legislative Drafting Consultant; Anthony Commodore, expert in Land Conveyancing and Catherine Faustin, expert in Land Registry Administration.

 

Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department

Phone: (869) 465-2537 | Fax: (869) 465-9562

E-mail: info@eccb-centralbank.org | Website: www.eccb-centralbank.org

Latest News
Executive Vacancies at the ECCB

The Eastern Caribbean Central Bank is seeking to recruit suitably experienced individuals to fill two newly created positions: Chief Director, Operations and Chief Director, Policy.

The Chief Director, Operations provides the vision, leadership and management necessary to ensure that the proper operational…

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Executive Vacancies at the ECCB

The Eastern Caribbean Central Bank is seeking to recruit suitably experienced individuals to fill two newly created positions: Chief Director, Operations and Chief Director, Policy.

The Chief Director, Operations provides the vision, leadership and management necessary to ensure that the proper operational controls, administrative and reporting procedures, and HR systems are in place to deliver the Bank’s mandate effectively and to ensure financial soundness and strength and operating efficiency while the Chief Director, Policy provides the vision, leadership and management for the development of a coherent and coordinated policy and research programme that supports the Bank’s Strategic Plan and facilitates delivery on its mandate as outlined in Article 4 of the ECCB Agreement.

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Latest News
ECCB Assures Public That EC Notes Are Secure

The Eastern Caribbean Central Bank (ECCB) is urging the public to be cognisant of counterfeit notes during the upcoming Christmas and New Year celebrations, since individuals often attempt to circulate them during periods of heightened commercial activity and at large public gatherings. 

 

The public is…

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ECCB Assures Public That EC Notes Are Secure

The Eastern Caribbean Central Bank (ECCB) is urging the public to be cognisant of counterfeit notes during the upcoming Christmas and New Year celebrations, since individuals often attempt to circulate them during periods of heightened commercial activity and at large public gatherings. 

 

The public is reminded that counterfeit notes have no value, and that persons in possession of them may be prosecuted. All persons are therefore urged to exercise caution, particularly at night and in dimly lit situations, and to look out for the security features when accepting notes. These include the following:

 

  • Security Threads – when a banknote is viewed from the front under reflected UV light, the letters ECCB and the denomination value of the note are clearly visible in yellow, against a blue background. A second security thread is also present which is a narrow, continuous black line to the left of the Queen’s portrait.
  • Raised Print Over Foil – The notes bear a highly reflective silver foil, which shows the denomination. The letters ECCB and the denomination can be seen in small print around the foil. For added security, the foil is over-printed with a raised print.
  • Watermark – A mould-made watermark depicting Queen Elizabeth II appears three-dimensional, when held up to the light.
  • Novel Numbering – Each individual banknote bears a unique serial number, which is printed vertically on the left hand side of the note and horizontally in “novel” numbering style on the right hand side.
  • See Through Feature – When the genuine note is held up to the light, parts of the fish fill in, as the area on the back of the note line up perfectly with the front.

Please be reminded that genuine bank notes are printed on special paper that gives them a unique feel.

 

Posters highlighting the security features of the Eastern Caribbean Bank Notes are available on the Bank’s website at www.eccb-centralbank.org. Please feel free to contact the ECCB Headquarters should you have any questions or queries.

 

Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department

Phone: (869) 465-2537 | Fax: (869) 465-9562

E-mail: info@eccb-centralbank.org | Website: www.eccb-centralbank.org

Daily Indicative Exchange Rates to the EC Dollar
17th Jan 2018

UNITED ARAB EMIRATES DIRHAM
0.7351
AUSTRALIAN DOLLAR
2.1522
BARBADOS DOLLAR
1.3500
BELIZE DOLLAR
1.3500
CANADIAN DOLLAR
2.1678
SWISS FRANC
2.8029
CHINESE YUAN
0.4195
DANISH KRONE
0.4435
EURO
3.3029
POUND STERLING
3.7226
GUYANA DOLLAR
0.0129
JAMAICAN DOLLAR
0.0218
JAPANESE YEN
0.0244
SOUTH KOREAN WON
0.0025
KUWAITI DINAR
8.9823
NOWEGIAN KRONE
0.3428
NEW ZEALAND DOLLAR
1.9616
SWEDISH KRONA
0.3353
TRINIDAD AND TOBAGO DOLLAR
0.3998
UNITED STATES DOLLAR
2.7000
VENEZUELAN BOLIVAR
0.2703

Interest Rates

ECCB DAILY CALL RATE
1.25%
17th Jan 2018
ECCB DISCOUNT RATE
6.5%
ECCB FIXED DEPOSIT RATE 1 MONTH
1.38%
17th Jan 2018
ECCB FIXED DEPOSIT RATE 2 MONTH
1.46%
17th Jan 2018
ECCB FIXED DEPOSIT RATE 3 MONTH
1.55%
17th Jan 2018
ECCU MINIMUM SAVINGS DEPOSIT RATE
2%
1st May 2015
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