ECCB 2025-2026 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2025 - 2026

Organisational Effectiveness and Development

public. During the period, the Bank finalised the designs for a new family of banknotes and coins, to mark the transition from the image of the British Monarch, and is poised for an official launch early in the second half of the year. Despite the availability of other forms of payments, the demand for cash continued to increase at an increasing rate over the previous year. In response to the evolving payment landscape, the Bank will continue to apply scientific forecasting methodologies and data analytics to strengthen currency demand projections and support optimal order quantities. As of 31 March 2026, the total currency value in circulation (Chart 1) stood at $1,856.11 million— an increase of $155.08 million (9.12%) over the previous financial year. The distribution was as follows:

management increased via another World Bank led mission during the financial year.

Culture and Change Management Throughout the year, the Bank advanced various programmes designed to promote a unified understanding of the Bank’s culture, build team spirit, and celebrate organisational pride as part of its Culture and Change Management Initiatives (CCMI). One such activity was the #IAMECCB Campaign, which sought to strengthen organisational identity and pride by fostering a shared sense of belonging and ownership, and reinforcing alignment with the Bank’s culture, values, and mandate. Staff, through this campaign, got the opportunity to learn, connect, and showcase their ECCB spirit through fun and interactive activities including trivia, in person presentations and a social media contest. The Bank also worked to enforce the key tenets of its culture and core values - the S.T.A.R. Mantra, the Three Declarations and the Growth Mindset- through the ‘Culture in Action’ quiz competition, internal messaging and presentations at the monthly Staff Town Hall meetings. Additionally, work advanced towards refining the Bank’s Change Champions programme – a network of dedicated staff who will work to deepen cultural transformation across the organisation. Currency Management In accordance with the ECCB Agreement, which grants the Bank sole authority to issue banknotes and coins within participating territories, the Bank continued to ensure the availability of a family of high-quality notes and coins accessible to the

; Banknotes: $1,707.07 million (91.97 per cent) ; Coins: $149.04 million (8.03 per cent)

Chart 1 Currency in Circulation ($ Millions)

2,000.00

1,856.11

1,800.00

1,701.03

1,573.21

1,600.00

1,491.60

1,407.14

1,400.00

1,200.00

1,000.00

$'000

800.00

600.00

400.00

200.00

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2022

2023

2024

2025

2026

Years Ended 31 March

The continued expansion of Currency in Circulation (CIC) during the review period was driven primarily by a strong demand for banknotes.

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