The Eastern Caribbean Central Bank is the monetary authority of six Caribbean nations founded in the year 1983. Dominica is one among the six Caribbean nations. The bank was established with a sole aim of maintaining stability of the Eastern Caribbean dollar.
All the ECCB members are part of the Organization of Eastern Caribbean States
The important objectives of the bank are as follows:
- Regulating money and credit
- Maintaining monetary stability
- Promoting credit and exchange conditions for ensuring a sound financial system.
- Fostering economic development in the regions of the Participating Governments.
The Monetary Council and the Board of directors govern the Eastern Commercial Central Bank. The Monetary Council consists of one minister from each participating government.The board of director consists of ten directors - the Governor, the deputy Governor, and eight directors appointed from each participating country.The address and the contact details of the bank is as follows:
Eastern Caribbean Central Bank
P.O.Box 89 Basseterre, St.Kitts West Indies Tel.:(869) 465-2537 Fax:(869) 465-9562 Website: http://www.nationalbanken.dk/dnuk/
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