The Eastern Caribbean Central Bank (ECCB) commemorated its 42nd anniversary on Wednesday, 1 October, marking over four decades of unwavering service to the Eastern Caribbean Currency Union (ECCU). The milestone was celebrated with a special worship service on Sunday, 28 September, attended by ECCB management, staff, retirees, stakeholders, and community members. The event, led by Pastor Leroy Matthew of the People’s Evangelistic Centre, was a heartfelt expression of gratitude for the Bank’s enduring contributions to regional financial stability. Pastor Matthew praised the steadfastness of the Eastern Caribbean (EC) dollar, which has been pegged to the U.S. dollar at EC$2.70=US$1.00 since 1976, highlighting its role in fostering economic confidence. ECCB Governor Timothy N.J. Antoine, in his address, thanked God for the Bank’s journey and reaffirmed the strength of the EC dollar, backed by nearly 99.0% foreign reserves. He emphasized the ECCB’s commitment to maintaining financial stability across its eight member countries. Governor Antoine also honored the Bank’s pioneers, including Dr. Sir Kennedy Simmonds, Sir Cecil Jacobs, Sir K Dwight Venner, and Sir Errol Allen, while acknowledging the collective efforts of past and present contributors. In a poignant moment, he addressed the younger generation, explaining the ECCB’s critical role in regulating financial institutions, issuing currency, and safeguarding deposits. He urged both children and adults to value the Bank’s work and to pray for its continued success. The anniversary coincided with the Financial Information Month (FIM) Festival, a regional initiative promoting financial literacy under the theme ‘Financial Empowerment Through Education.’ The event underscored the ECCB’s legacy of leadership and its ongoing mission to empower the people of the Eastern Caribbean.
Central Bank Celebrates 42 Years of Financial Stewardship and Stability
