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Topic: Eastern Caribbean Central Bank


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In the News (Fri 11 Dec 09)

  
  East Caribbean dollar - Wikipedia, the free encyclopedia
The East Caribbean dollar is the currency of eight political states in the Organisation of Eastern Caribbean States.
The Eastern Caribbean dollar is issued by the Eastern Caribbean Central Bank based in Saint Kitts and Nevis.
The bank was established by an agreement (the Eastern Caribbean Central Bank Agreement) signed at Port-of-Spain on July 5, 1983, as successor to the Eastern Caribbean Currency Authority.
en.wikipedia.org /wiki/East_Caribbean_dollar   (195 words)

  
 Organisation of Eastern Caribbean States - Wikipedia, the free encyclopedia
The Organisation of Eastern Caribbean States (OECS) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and dependencies in the Eastern Caribbean.
The majority of the OECS members-states are participants of the Eastern Caribbean Central Bank (ECCB) monitary authority.
The regional central bank oversees financial and banking integrity for the Organisation of Eastern Caribbean States economic bloc of states.
www.wikipedia.org /wiki/Organisation_of_Eastern_Caribbean_States   (596 words)

  
 CaribSeek Encyclopedia | Eastern Caribbean Central Bank | ECCB
The Eastern Caribbean Central Bank was established in October 1983.
The governing bodies of the Eastern Caribbean Central Bank are the Monetary Council and the Board of Directors.
The Board of Directors is responsible for policy and general administration of the Bank, while the Governor, the Chief Executive, is responsible for the day-to-day management and operations.
encyclopedia.caribseek.com /Caribbean_Organizations/eastern-caribbean-central-bank.shtml   (358 words)

  
 Eastern Caribbean Central Bank - Wikipedia, the free encyclopedia
The Eastern Caribbean Central Bank is the monetary authority of a group of six Caribbean nations namely:
It was founded in October 1983 in order to maintain the stability of the Eastern Caribbean Dollar (EC$) and the integrity of the banking system in order to facilitate the balanced growth and development of member states.
All of the ECCB members are also a part of the Organisation of Eastern Caribbean States (OECS).
en.wikipedia.org /wiki/Eastern_Caribbean_Central_Bank   (115 words)

  
 ECCB says Saint Lucia Weathering OECS Economic Storm   (Site not responding. Last check: 2007-09-19)
The bank reports an improvement in the overall fiscal position of Central Government and says the island’s debt ratios continue to remain within sustainable limits, now standing at the lowest among ECCB member-states.
The ECCB Governor noted that the United States has, without a doubt, become the dominant economy in the international system and the cyclical influences of its economic performance has a marked effect on the rest of the world.
For example, St. Lucia's debt to GDP ratio of 34.6% was the lowest amongst ECCB countries and compared favourably with ratios of 86.2% for Antigua and Barbuda, 81.7% for Dominica, 91.1% for St. Kitts and Nevis and 64.5% for St. Vincent and the Grenadines.
www.stlucia.gov.lc /pr2001/eccb_says_saint_lucia_weathering_oecs_economic_storm.htm   (1098 words)

  
 Caribbean Net News: Eastern Caribbean Central Bank to eliminate exchange rate guarantees   (Site not responding. Last check: 2007-09-19)
The ECCB had hitherto guaranteed the rates at which it purchased and sold the pound sterling and the Canadian dollar from and to the commercial banks.
On that basis, the commercial banks were able to offer to the public a daily fixed rate at which they purchased and sold these currencies.
With the removal of the guarantee, individual banks will set the rates which they will offer their customers, taking into consideration any currency fluctuations that occur throughout the day in the international markets.
www.caribbeannetnews.com /2004/09/01/guarantees.htm   (285 words)

  
 WTO | Trade policy review - WTO Members of the Organization of Eastern Caribbean States — OECS 2001
Historically, the economies of the Eastern Caribbean have been inserted into the global economy on terms which were not of their own making.
That was particularly worrying to the economies of the Eastern Caribbean as it compounds the difficulties of economic adjustment and complicates the process of global engagement.
The system of rules which the Eastern Caribbean economies had hoped would be of some assistance apparently has been turned against those policies the economies have followed based on the prevailing economic consensus on outwardness, global engagement, and economic diversification.
www.wto.org /english/tratop_e/tpr_e/tp166_e.htm   (8042 words)

  
 The Library Network - Special Collections - Central Bank Annual Reports   (Site not responding. Last check: 2007-09-19)
Under each country's name is the name of the central bank, the title of its annual report, and the call number of the report.
EMEAP (Executives' Meeting of East Asia-Pacific Central Banks), EMEAP is a cooperative organization of central banks and monetary authorities in the East Asia and Pacific region.
Central Bank of the Democratic People's Republic of Korea
jolis.worldbankimflib.org /Special/annualre.htm   (711 words)

  
 Caribbean Net News: Central Bank reports improvement in ECCU economies   (Site not responding. Last check: 2007-09-19)
BASSETERRE, St. Kitts: The Eastern Caribbean Central Bank (ECCB) is reporting an improvement in the economies in the Eastern Caribbean Currency Union (ECCU).
The Bank's Governor, Sir K. Dwight Venner in reviewing the economic developments and prospects in the ECCU member countries, noted that the positive influence of the economic recovery in North America and a number of European countries on growth in the ECCU was reflected in the improvement in the tourism sector.
The Council also discussed the liquidity in the banking system and noted the decline in the Inter Bank and Treasury Bill interest rates, but agreed that no change be made to the regulated minimum rate on interest on saving deposits, currently 3.0 percent and the Central Bank's discount rate, currently 6.5 percent.
www.caribbeannetnews.com /2004/03/03/eccu.htm   (678 words)

  
 ECSE: Press Releases   (Site not responding. Last check: 2007-09-19)
The Bank has identified these firms as potential issuers to list and to raise capital on the ECSE after the Exchange becomes operational on March 10, 2000.
The Seminars are part of the Education and Awareness programme of the proposed ECSE and is being conducted by the Eastern Caribbean Central Bank in conjunction with the Intrados Consulting Group Limited.
The Eastern Caribbean Securities Exchange is designed to facilitate the buying and selling of financial products, including stocks and bonds and government securities.
www.ecseonline.com /Press_Detail.asp?PressID=7   (295 words)

  
 Encyclopedia: East Caribbean dollar
The Organisation of Eastern Caribbean States (OECS) includes the member states of: Anguilla Antigua and Barbuda British Virgin Islands Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines The OECS was created on 18 June 1981, with the Treaty of Basseterre, named after the capital...
Coins in circulation 1¢ euro coin A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is issued by a government to be used as a form of money.
The Republic of El Salvador (Spanish for The Savior) is a country in Central America with a population of approximately 6.
www.nationmaster.com /encyclopedia/East-Caribbean-dollar   (1381 words)

  
 Country Profile Organisation of Eastern Caribbean States - EIU Online Store   (Site not responding. Last check: 2007-09-19)
The OECS countries share the services of the Eastern Caribbean Central Bank (ECCB), whose headquarters are in St Kitts, and co- operate closely on a number of economic and policy issues.
Within several Caribbean countries, the high level of crime and violence is also a matter of major concern, and has led to demands for increased use of the death penalty and other severe punishments.
For their part, Caribbean governments have pointed out that the US is a source of arms used by criminal gangs, and have expressed concern about the policies of the US, UK and Canadian governments of deporting convicted criminals who are non- nationals back to their country of origin.
store.eiu.com /index.asp?layout=show_sample&product_id=30000203&country_id=WL   (11391 words)

  
 Caribbean Islands British Virgin Islands, Anguilla and Montserrat - Foreign Relations   (Site not responding. Last check: 2007-09-19)
The British Virgin Islands belonged to the Commonwealth of Nations and the CDB and was an associate member of the Organisation of Eastern Caribbean States (OECS--see Glossary).
Some other islands had objected to Anguilla's joining the ECCB, alleging that the free market in United States dollars that existed on Anguilla was a major contributor to foreign exchange leakage from the region using the Eastern Caribbean dollar, the common currency used by OECS members as well as Anguilla and Monteserrat.
Montserrat belonged to the ECCB, as well as the Commonwealth, the International Conference of Free Trade Unions, the Caribbean Association of Industry and Commerce, the Caribbean Community and Common Market (Caricom--see Appendix C), the UN Economic Council for Latin America, and the CDB.
www.country-studies.com /caribbean-islands/british-virgin-islands,-anguilla-and-montserrat---foreign-relations.html   (224 words)

  
 Eastern Caribbean Central Bank   (Site not responding. Last check: 2007-09-19)
The final leg of the series will be held on 10 Nov., at the Eastern Caribbean Central Bank.
ECCB forecasts seven percent growth in Eastern Caribbean Currency...
Kitts-based Eastern Caribbean Central Bank (ECCB) is projecting a seven percent growth among member states of the Eastern Caribbean Currency Union (ECCU) in...
www.wikiverse.org /eastern-caribbean-central-bank   (229 words)

  
 The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues--IMF Occasional Paper No. 195
Eastern Caribbean countries institutionalized political and economic cooperation through the establishment of the Organization of Eastern Caribbean States (OECS) with the Treaty of Basseterre in 1981.
The eight member countries and territories of the ECCB are Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, which are independent states and members of the IMF, and Anguilla and Montserrat, which are territories of the United Kingdom.
The OECS members share a common currency, the Eastern Caribbean dollar, which has been pegged to the U.S. dollar since 1976 at EC$2.70=US$1, and was pegged to the British pound at EC$4.80=£1 from 1950 to 1976.
www.imf.org /external/pubs/nft/op/195/index.htm   (1323 words)

  
 FSC - Press release - Supervisory Software   (Site not responding. Last check: 2007-09-19)
The Eastern Caribbean Central Bank is both a Central Bank with responsibilities for monetary policy of territories which use the Eastern Caribbean Dollar as well as being a regulator for offshore financial and non-bank financial institutions that operate in those territories.
The territories for which the ECCB has responsibilities are : Anguilla, Antigua and Barbuda, Dominica, Greneda, Montserrat, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines.
Photograph shows members of the Eastern Caribbean Central Bank and the Gibraltar FSC conducting amendments to the software in St Kitts in September 2003.
www.fsc.gi /press/press28102003.htm   (313 words)

  
 Banks & Currency   (Site not responding. Last check: 2007-09-19)
The bank said that the notes have no value, and that persons in possession of them my be prosecuted.
The ECCB has notified police of the discovery of the fraudulent notes, and the matter is under investigation.
Banks are not open during Public or Bank Holidays.
website.lineone.net /~stkittsnevis/banks.htm   (397 words)

  
 Canadian Travellers Guide to Grenada
The currency used in Grenada is the Eastern Caribbean Dollar (ECD), which is maintained by the Eastern Caribbean Central Bank.
The banks operating on the island include a mix of international and indigenous financial institutions.
Banking hours in Grenada are generally Monday to Thursday 8 am to 3 pm and Fridays from 8 am to 5 pm.
www.grenadagrenadines.com /canada/eng_dollar.html   (325 words)

  
 ZIZ Live..the Pulse of the Eastern Caribbean
Governor of the St. Kitts-based Eastern Caribbean Central Bank (ECCB), Sir K. Dwight Venner along with the OECS Secretariat and representatives of several donor financial agencies have been meeting in St. Lucia to fine-tune the design and creation of an aid co-ordination mechanism for the OECS Sub-Region.
It is estimated that this translates into one and a half billion Eastern Caribbean (EC) dollars across the sub-region.
ECCB Governor Sir Dwight Venner, who chaired the meeting stressed the difficult times facing the economies of the OECS Member States and the need to fashion a way to deal with them.
www.zizonline.com /news1.asp?newsID=919   (299 words)

  
 Welcome to The Caribbean Investor.
The speed and the magnitude of these and other flows of commercial bank lendings, portfolio purchases, and direct foreign investment have increased and improved the allocation of resources on a global basis.
The Treaty of Basseterre embraces the ethos of this sentiment, and a serious reading of the Treaty is very illustrative of the intentions and means by which the countries are expected to advance the welfare of their peoples.
The Eastern Caribbean Securities Exchange is slated to be the cutting edge instrument for placing the economic and currency union in the forefront of the drive for sustained economic growth.
www.thecaribbeaninvestor.com /article.shtml?browser_query=varticle&field=3995   (4297 words)

  
 Caribbean Fact Sheet   (Site not responding. Last check: 2007-09-19)
The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago.
Despite the lack of sizable oil reserves, the Caribbean countries are heavily dependent upon petroleum as their primary energy source.
In 2002, the islands in the Caribbean region consumed a total of 2.4 quadrillion British thermal units (Btus) of total energy, of with petroleum accounted for 93 percent.
www.eia.doe.gov /emeu/cabs/carib.html   (3352 words)

  
 Caribbean Net News: Antigua & Barbuda   (Site not responding. Last check: 2007-09-19)
MARBLE HILL, Antigua: As investigations continue in Antigua into the attack on the President of the Senate, in which she was reportedly raped and robbed in the small hours of last Friday morning, the country's Justice Minister, Senator Colin Derrick joined Prime Minister Baldwin Spencer and other government officials in condemning the attack...
Caribbean Net News, along with police in Antigua, were called upon to assist Ms Volita Antoine of New Jersey, USA in finding her daughter Rachael-Ann Rodriguez, also called "Rayan", a native of Trinidad and Tobago...
This was one of the decisions of the 52nd Meeting of the Monetary Council of the Eastern Caribbean Central Bank in St. Lucia, which was attended by Finance and Economy Minister Dr Errol Cort...
www.caribbeannetnews.com /antigua/antigua-barbuda.htm   (4087 words)

  
 St. Lucia Online - jobs   (Site not responding. Last check: 2007-09-19)
Applications are invited from suitably qualified citizens of the ECCB member countries to fill the post of Editor, in the Communication Services Unit, Governor's Office, of the Eastern Caribbean Central Bank, Basseterre, St. Kitts.
Applications are invited from suitably qualified citizens of the ECCB member countries to fill the post of Chief of Security, in the Security Unit, Secretariat, of the Eastern Caribbean Central Bank, Basseterre, St. Kitts.
Applications are invited from suitably qualified citizens of the ECCB member countries to fill the post of Internal Auditor, in the Internal Audit, Governor's Office, of the Eastern Caribbean Central Bank, Basseterre, St. Kitts.
www.slucia.com /archive/jobs/jobs_111299.html   (4124 words)

  
 Close to Three Decades of Stabilization for EC Dollar   (Site not responding. Last check: 2007-09-19)
The first reason, he stated, was the Treaty of Basseterre signed in 1981 and the second, the ECCB agreement signed two years later.
“In the ECCB agreement, full knowledge of the situation was required with respect to the currency arrangement that they, meaning the founding fathers, went into.
He went on, “Legally the currency cannot be changed except by unanimous agreement and also given the currency arrangements, it has to be highly backed by law.” That policy the ECCB Governor explained, has benefited the region’s economies and citizens, in that both consumers and investors have greater confidence due to price stabilization.
www.stlucia.gov.lc /pr2003/close_to_three_decades_of_stabilization_for_ec_dollar.htm   (310 words)

  
 Caribbean Travel to Anguilla | Caribbean Tourism Organisation | Beach Vacations
Business: Banks are open 8am-3pm, Monday to Thursday, and 8am-5pm on Fridays.
Banks include Barclays Bank, Caribbean Commercial Bank (Anguilla), Hansa Bank and Trust Company, National Bank of Anguilla (NBA), Scotiabank Anguilla and the Eastern Caribbean Central Bank.
Do it Caribbean is brought to you by the member countries of the Caribbean Tourism Organization
www.doitcaribbean.com /anguilla/index2.html.en-US   (228 words)

  
 Banking and Finance
These banks are The Royal Bank of Canada and an indigenous bank, The Bank of Montserrat.
The commercial banks can arrange forward purchases and sales of foreign currency, but there is only a small amount of activity, since the Eastern Caribbean dollar is pegged to the U.S. dollar at US$1 = EC$2.70 and the United States is the principal foreign trading partner.
There are offshore banking facilities, but there has been no activity for the past few years in regard to the incorporation of new banks.
www.devunit.gov.ms /banking.htm   (185 words)

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