ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Annual Report 2022 - 2023

Highlights of the Year

ECCB Receives Central Banking Green Initiative Award

The ECCB received the 2022 Central Banking Green Initiative Award for its solar canopy project, which significantly reduced its carbon footprint and operating expenses related to power consumption. ECCB Launches DCash in Anguilla The ECCB launched its digital currency (DCash) Pilot project in Anguilla in 2022. With the launch in Anguilla, DCash in now available in all eight ECCB member countries. DCash is the digital version of the EC currency and is legal tender in all eight ECCB member countries. The DCash Pilot is the ECCB’s initiative that affords citizens and residents of the ECCU the opportunity to digitally send and receive EC funds in a matter of seconds, with no transaction fees, using a smart device. The Pilot seeks to advance the ECCB’s vision of increasing payment system efficiency, improving financial inclusion, and heightening economic competitiveness and resilience. ECCB Celebrates 46 Years of the EC Dollar Peg July 2022 marked 46 years of the EC Dollar being pegged to the US Dollar at a fixed rate of EC$2.70 to US$1.00. ECCB Launches 40 th Anniversary Celebrations The ECCB launched its year-long 40 th Anniversary

Celebrations at a ceremony at the Sir Cecil Jacobs Auditorium, ECCB Headquarters, on 19 January 2023. The celebrations will be held under the theme - ECCB at 40: A Year of Reflection, Celebration and

Implementation. The key activities include: ECCB at 40 Lecture Series, Plant A Tree Initiative with Primary Schools, Creative Arts Festival and Island Night and the ECCB at 40 Global Conference. ECCB’s Public Education Programme - ECCB Connects - Wins 2023 Central Banking Communication Initiative Award In March 2023, the ECCB captured the award

for Best Communications Initiative in the 2023 Central Banking Awards, for the production of its weekly public education programme, ECCB Connects. ECCB Connects was first aired on 6 April 2016. It is an outreach initiative created by the ECCB aimed to engage the people of the ECCU on economic, financial, and social issues that affect them. The programme also creates the platform through which ECCB staff members participate in discussions that demystify and simplify the functions and work of the Bank.

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