ECCB 2023-2024 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2023 - 2024

GOVERNOR’S FOREWORD ECCB @ 40: Celebrating Ruby While Going for Gold

T he 2023-2024 financial year was styled a year of ‘Reflection, Celebration and Implementation’ and so it was as the Bank commemorated 40 years of excellent service to the Currency Union having been inaugurated on 1 October 2023. Throughout the year, we reflected on our many successes and remembered and celebrated our framers, founders, early pioneers and extraordinary regional servants over the past four decades. Notable in the lineup of the anniversary activities was the issuance of the $2 commemorative banknote. This is the first EC dollar banknote to not bear the image of the British monarch and, instead, features our world-renown and beloved icon, Sir Vivian Richards - a veritable symbol of pride, determination and greatness. That note has resonated not only with the citizens and residents of the Currency Union but people across the globe. Indeed, this note has won three awards as best commemorative banknote of the year from: International Association of Currency Affairs (IACA), International Bank Note (IBN) and HSP Reconnaissance – an unprecedented hatrick!

Keep pushing forward, even when the path is uncertain, for greatness awaits those who persist. ~ Martin Luther King Jr

The Bank also made history by recording its highest ever profit - EC$80.2 million.

As we took stock of our 40-year journey, the Bank, with renewed resolve, recommitted to its essential work in maintaining monetary stability, enhancing financial stability, transforming the financial space and leading, by example, on environmental, social and corporate governance.

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