window.onload = function () { document.getElementsByClassName("header__logo-link")[0].href = 'http://www.oecs.org/'; var link_home = document.createElement('a'); link_home.setAttribute('href', 'http://www.oecs.org/'); link_home.innerHTML = '← Back to the Homepage | '; var link_room = document.createElement('a'); link_room.setAttribute('href', 'https://pressroom.oecs.org/'); link_room.innerHTML = ' Back to the Newsroom'; var media_centre = document.createElement('h1'); media_centre.innerHTML = 'Media Centre'; var link_container = document.createElement("div"); link_container.className = 'link_container'; link_container.appendChild(link_home); link_container.appendChild(link_room); link_container.appendChild(media_centre); var section = document.getElementById("header-mobile"); section.insertBefore(link_container, section.firstChild); };
ECCB Celebrates 35th Anniversary

ECCB Celebrates 35th Anniversary

Address by Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB)

The Eastern Caribbean Central Bank (ECCB) is celebrating 35 years of existence, 35 years of service and, most importantly, 35 years of monetary stability.

We offer a high note of praise to Almighty God for His greatness and goodness.  Indeed, “it is in Him, we live and move and have our being” (Acts 17:28, NIV).

We also thank the people of our beloved region for their unwavering support.

Today, we reaffirm that our EC dollar is strong, 98 per cent backed by foreign reserves. This means for every dollar in circulation, we have 98 cents in foreign reserves.  Our monetary union commands global respect; engenders confidence; helps deliver relatively low inflation; and encourages foreign direct investment as there are no foreign exchange controls.

The ECCB is both a powerful symbol and expression of what we as small countries can do when we come together. The ECCB is a timeless testimony of our capacity to craft arrangements for ourselves that work in our best interests.

We seize this opportunity to pay tremendous tribute to the founders and framers of our monetary union.  We acknowledge the role of members of our Monetary Council and Board of Directors (past and present). I hail the colossal contribution of my predecessors: the late Sir Cecil Jacobs and Honourable Sir K Dwight Venner.  I also recognise our first Deputy Governor, Sir Errol Allen and our current Deputy Governor, Mr Trevor Brathwaite. 

We applaud our management and staff (past and present) including our retirees. We record our gratitude to all partners (local, regional and international).

Every October, we celebrate Financial Information Month (FIM). Our focus this year is on Conducting and Protecting Your Business in a Digital Environment.  I therefore encourage you to check out our events which include financial fairs, radio quizzes and business symposia on cryptocurrency and other digital developments.

As we commence our next 35 years of service, we will continue to work assiduously for the good of the people of the Eastern Caribbean Currency Union (ECCU).  Our strategic plan makes pellucidly clear our intent to pursue socio-economic transformation of the Eastern Caribbean. To this end, we are fortified in the knowledge that we can achieve so much when we embrace common cause and take collective action. 

Happy Anniversary!

Contact us
Shermalon Kirby-Gordon Communications Manager, Eastern Caribbean Central Bank (ECCB)
OECS Communication Unit Organisation of Eastern Caribbean States
Shermalon Kirby-Gordon Communications Manager, Eastern Caribbean Central Bank (ECCB)
OECS Communication Unit Organisation of Eastern Caribbean States
About The Organisation of Eastern Caribbean States

Back to www.oecs.int

The Organisation of Eastern Caribbean States (OECS) is an International Organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean. The OECS came into being on June 18th 1981, when seven Eastern Caribbean countries signed a treaty agreeing to cooperate with each other while promoting unity and solidarity among its Members. The Treaty became known as the Treaty of Basseterre, so named in honour of the capital city of St. Kitts and Nevis where it was signed. The OECS today, currently has ten members, spread across the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, St Vincent and The Grenadines, British Virgin Islands, Anguilla and Martinique.

The Organisation of Eastern Caribbean States
Morne Fortune
Castries
Saint Lucia