ECCB 2017-2018 Annual Report and Statement of Accounts

ECCB ANNUAL REPORT 2017/2018

10

MONETARY STABILITY

GOAL 1 Maintain a Strong and Stable EC Dollar

“As at 30 March 2018, the backing ratio was 97.4 per cent. This is the ratio of foreign assets to demand liabilities and it remained well above the statutory limit of 60.0 per cent and the operational limit of 80.0 per cent during the period under review.”