ECCB 2020-2021 Annual Report and Statement of Accounts

AREAS OF FOCUS

In terms of currency management, the Bank will: 1. Continue management and issuance of the polymer banknotes in co-circulation with paper banknotes and training in ‘Know Your Money’ for cash handlers in the Eastern Caribbean Currency Union on the features of the EC polymer banknotes; 2. Finalise use of scientific method of currency forecasting in collaboration with De La Rue, the authorised printers of the EC banknotes; 3. Continue improvement in the processes and operations in the Currency Management Department with the acquisition of a new processing/sorting machine and upgraded of the Vault Management Solution; 4. Participate in additional commemorative coin programme with international agencies; and 5. Continue re-examination of the metal composition of the EC coins, particularly the heavy coins, with a view to ensure value for money. The Bank will also embark on:

1. Expanding the Primary School Mentorship Programme by launching the ECCB Primary School Mentorship Radio Programme in its eight member countries;. 2. Monitoring and assessing for future enhancements, the new ECCB Creative Youth Competition for Secondary Schools and Community Colleges; 3. Executing a Monitoring and Evaluation instrument for FIM activities; 4. Completing the implementation of the Currency Management Solution and the Electronic Signature Solution; 5. Completing the upgrade of the UPS Units and Server Infrastructure;.

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EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2020/2021