ECCB Celebrates 39 Years of Service to ECCU

4 October 2022, Basseterre, Saint Christopher (St Kitts) and Nevis – The Eastern
Caribbean Central Bank (ECCB) is celebrating 39 years of maintaining the stability of the
EC Currency and unwavering service to the governments and people of the Eastern
Caribbean Currency Union (ECCU).

The ECCB was established on 1 October 1983 as the monetary authority for: Anguilla,
Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint
Christopher (St Kitts) and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

The Bank’s primary objective is to maintain the stability of the EC currency and the
integrity of the ECCU banking system. As part of its mandate the ECCB also provides policy
advice to its eight member governments and assists with promoting the economic
development of its eight member countries.

To mark its 39 th Anniversary, the management, staff, retirees and well-wishers of the ECCB
joined the congregation at the Pentecostal Church of God, St Kitts, on 2 October for divine
worship.

During his address at the service, the Governor of the ECCB, Timothy N. J. Antoine paid
tribute to the founders, framers and all others who had contributed to the stability that the
ECCB brings to the region.

He also encouraged the citizens and residents of the ECCU to participate in ventures that
promote wealth creation, which he says, is an important step to personal, national and
financial resilience. Governor Antoine advised that investing in the regional and
international stock markets is one pathway to wealth creation.

He added that in the USA, 58.0 per cent of the population invests in securities compared to
only 4.0 per cent in the ECCU; this he said, needs to change. He therefore encouraged the
people of the ECCU to consult with the Eastern Caribbean Securities Exchange and the
Eastern Caribbean Home Mortgage Bank to explore investment opportunities.

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