ECCB

Commonwealth of Dominica Assumes Chairmanship of ECCB Monetary Council

ECCB Release

The Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred from the Honourable Gaston Browne, Council Member for Antigua and Barbuda, to the Honourable Dr Irving McIntyre, Council Member for the Commonwealth of Dominica, during an official Handing Over Ceremony on 9 July 2026 from 5:00 p.m. at the Trafalgar Ballroom, InterContinental Dominica Cabrits Resort, Commonwealth of Dominica.

The Monetary Council is the ECCB's highest decision-making body and comprises the Ministers responsible for Finance of the ECCB's eight member governments. The Chairmanship rotates annually, in alphabetical order, among the ECCB member countries: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

A highlight of the Ceremony will be the unveiling of the new family of EC banknotes and coins, commemorating the 50th anniversary of the EC dollar's fixed exchange rate (peg) to the United States dollar.

At its 105th Meeting on 21 July 2023, the Monetary Council approved the replacement of the image of the late Queen Elizabeth II on the EC currency and directed the ECCB to undertake public consultations. Those consultations, conducted between July and December 2023, confirmed strong public support for featuring national heroes and nation builders on the redesigned currency.

The Handing Over Ceremony will be streamed live on the ECCB Connects Facebook page and YouTube channel.

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About the ECCB

Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

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About The Organisation of Eastern Caribbean States

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The Organisation of Eastern Caribbean States (OECS) is an International Organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean. The OECS came into being on June 18th 1981, when seven Eastern Caribbean countries signed a treaty agreeing to cooperate with each other while promoting unity and solidarity among its Members. The Treaty became known as the Treaty of Basseterre, so named in honour of the capital city of St. Kitts and Nevis where it was signed. The OECS today, currently has twelve members, spread across the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, St Vincent and The Grenadines, British Virgin Islands, Anguilla, Martinique, Guadeloupe and Saint Martin. 

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