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This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Eastern Caribbean: 3.00 1.00: 28 January 2024 [32]
The Eastern Caribbean Central Bank (ECCB) [2] is a supranational central bank that serves Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, all members of the Organisation of Eastern Caribbean States (OECS) that use the ECCB-issued Eastern Caribbean Dollar as their currency.
Eastern Caribbean Central Bank: 2.70 XCD = 1.00 USD Antigua and Barbuda Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Aruba: Aruban florin: AWG: Central Bank of Aruba: 1.79 AWG = 1.00 USD Bahamas: Bahamian dollar: BSD: Central Bank of The Bahamas: 1.00 BSD = 1.00 USD Barbados: Barbadian dollar ...
The first issues in the name of the Eastern Caribbean Central Bank in 1985 were of the same denominations, with the addition of 10 dollar notes. The last 1 dollar notes were issued in 1989 and 50 dollar notes were introduced in 1993.
The area remains far from a full banking union, however, since the financial burden of bank crisis management and resolution has remained at the national level. [2] The Banking Commission's scope of authority, moreover, only covers the larger and/or cross-border banks, whether smaller local banks remain supervised by national authorities.
The ECCU came into operation in 1983 when it replaced its predecessor, the Eastern Caribbean Currency Authority. [2] The currency union operates under the supervision of the Eastern Caribbean Central Bank (ECCB).The ECCB maintains a stable currency by ensuring sufficient foreign reserves and setting borrowing limits for governments and banks. [3]