ECCB 2014-2015 Annual Report and Statement of Accounts

The EC Currency Turns 50 on 6 October 2015 Celebrating the Journey

Eastern Caribbean Currency Authority The 1960s – 1970s

The Eastern Caribbean Currency Authority (ECCA) was established in 1965 as the successor to the British Caribbean Territories Currency Board (BCCB). The ECCA had the authority to manage a common currency for Barbados, The Leeward and Windward Islands (and Grenada from 1968). When Barbados withdrew its membership in 1974, ECCA moved its headquarters from Barbados to St Kitts. The first Eastern Caribbean Currency Authority notes were issued on 6 October 1965. From October 1965 to July 1976 the EC Currency was pegged to the pound sterling at a rate of EC$4.80 to £1.00. In July 1976, the peg was transferred to the US dollar at a parity of EC$2.70 to US$1.00.

Eastern Caribbean Currency Authority Notes

The 1980s - Present Eastern Caribbean Central Bank

The Agreement to establish the Eastern Caribbean Central Bank (ECCB) was signed on 5 July 1983 by the Governments of Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The ECCB came into being on 1 October 1983, following the enactment of enabling legislation by the respective governments. Anguilla became a full member of the ECCB on 1 April 1987.

The first ECCB notes were issued on 15 November 1984 to commemorate the Bank’s first anniversary.

EC $100.00 note – Series 1 (1984 )

EC $10.00 note – Series 6 (2008)