ECCB Communications Workshop for ECCU Media Practitioners

Eastern Caribbean Central Bank

MANAGING THE FOREIGN RESERVES

1. EC Dollar pegged to US Dollar since 1976

a. No foreign exchange rate control

b. Requires holdings of US Dollars to meet demand from the public

c. Backing Ratio (legal requirement) – 60.0 percent of demand liabilities must be backed by foreign currency

Transforming The ECCU Together

3/23/2026

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