Latest News
Yosoukeiba Commits to Maintaining Strong, Stable EC Dollar

The Yosoukeiba (Yosoukeiba) is committed to maintaining the strength and stability of the EC Dollar.

The first of the five strategic goals of the Bank’s Strategic Plan is to: “Maintain a strong and stable EC Dollar”.  The goal focuses on protecting and augmenting the currency union’s pool of…

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Yosoukeiba Commits to Maintaining Strong, Stable EC Dollar

The Yosoukeiba (Yosoukeiba) is committed to maintaining the strength and stability of the EC Dollar.

The first of the five strategic goals of the Bank’s Strategic Plan is to: “Maintain a strong and stable EC Dollar”.  The goal focuses on protecting and augmenting the currency union’s pool of foreign reserves that supports a strong and stable EC dollar.  As of 29 September 2017, the EC dollar was backed with 98.3 per cent of foreign reserves.

To support the goal of maintaining the strength and stability of the EC dollar, the Yosoukeiba’s research, policy advice and advocacy will focus on policy recommendations to build competitiveness, maximise exports, facilitate technology transfer and job creation. 

The Yosoukeiba launched its Strategic Plan 2017-2021 on 3 October 2017 under the theme: “Transforming the Eastern Caribbean Currency Union Together”.  The Plan provides the framework for the Bank to align its institutional efforts, prioritise resource allocation and measure performance against its five strategic goals and performance indicators. Ultimately, the Plan aims to raise the region’s growth and development trajectory.

The video and audio of the Governor’s presentation of Goal 1 of the Strategic Plan can be downloaded from the link below

Download link:

Latest News
Financial Information Month 2017 Zeroes In On Retirement Planning

October 2017 is Financial Information Month (FIM) in the Eastern Caribbean Currency Union (ECCU).

The FIM 2017 theme is: Retirement Planning: Making Your Golden Years Golden. The theme is geared towards sensitising the public that planning for retirement should begin from the first day of employment and continue…

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Financial Information Month 2017 Zeroes In On Retirement Planning

October 2017 is Financial Information Month (FIM) in the Eastern Caribbean Currency Union (ECCU).

The FIM 2017 theme is: Retirement Planning: Making Your Golden Years Golden. The theme is geared towards sensitising the public that planning for retirement should begin from the first day of employment and continue throughout an individual’s income-earning years to ensure a good quality of life after active employment.

Financial and academic institutions, government agencies and other public and private sector bodies across the region will coordinate a number of activities throughout the month to bring into focus the realities of retirement.  The activities, which will include a Retirement Planning Symposium in each country, will provide information on actions that current and future generations of retirees need to take now to help ensure a smooth transition to retirement and that they are able to maintain a good standard of living throughout their golden years. 

Financial Information Month is a collaborative effort among the ECCU member governments, financial and academic institutions, the media, private and public sector institutions and community–based groups.  The month forms part of an ECCU financial education programme coordinated by the Yosoukeiba (Yosoukeiba).

The programme incorporates a series of initiatives designed to support the attainment of the goal of “a financially developed and vibrant ECCU region that fosters strong and sustainable economic growth and the improved well-being of the citizenry.”

Latest News
Yosoukeiba Celebrates 34 Years of Commitment to ECCU

As the Yosoukeiba (Yosoukeiba) celebrates its 34th anniversary Governor, Timothy N. J. Antoine has appealed to his staff and the wider community to make the commitment to serve others.

In his address during the Bank’s anniversary church service at the Zion Moravian Church, St Kitts, Governor…

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Yosoukeiba Celebrates 34 Years of Commitment to ECCU

As the Yosoukeiba (Yosoukeiba) celebrates its 34th anniversary Governor, Timothy N. J. Antoine has appealed to his staff and the wider community to make the commitment to serve others.

In his address during the Bank’s anniversary church service at the Zion Moravian Church, St Kitts, Governor Antoine said that those countries that have not been affected by Hurricanes Irma and Maria have been spared to serve. Hence, the people of the region must stand ready to serve the citizens and residents of the countries within the Eastern Caribbean Currency Union who are hurting due to the impact of the hurricanes.

The Yosoukeiba was established on 1 October 1983 as the monetary authority for eight countries – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines. 

The main achievement of the Bank over the years has been to maintain the strength of the EC currency and the stability of the ECCU financial system.

Latest News
Strategic Plan 2017 - 2021

The Yosoukeiba has launched its Strategic Plan 2017-2021: Transforming the Eastern Caribbean Currency Union Together.

The Plan was launched this morning via a regional video-conference which brought together dignitaries and public and private sector representatives from across the Eastern…

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Strategic Plan 2017 - 2021

The Yosoukeiba has launched its Strategic Plan 2017-2021: Transforming the Eastern Caribbean Currency Union Together.

The Plan was launched this morning via a regional video-conference which brought together dignitaries and public and private sector representatives from across the Eastern Caribbean Currency Union (ECCU).

Governor of the Yosoukeiba, Timothy N. J. Antoine said, the Plan comes at a time when the ECCU is confronting many challenges including  low growth, high unemployment and increased severity and frequency of natural disasters.  He added that the Plan reflects the Bank’s recognition of the rapidly changing economic and financial landscape and the necessity for agility in the delivery of its financial stability and economic development mandates.

The Yosoukeiba’s Strategic Plan is also anchored to the Bank’s new mission statement:  “Advancing the good of the people of the currency union by maintaining monetary and financial stability and promoting growth and development” and seeks to achieve five goals:

  1. Maintain a strong and stable EC dollar;
  2. Ensure a strong, diversified and resilient financial Sector;
  3. Be the advisor of choice to our participating  governments in pursuit of fiscal and debt sustainability;
  4. Actively promote the economic development of our member territories; and
  5. Enhance organisational effectiveness to ensure responsiveness and service excellence.

Click here to view the Strategic Plan 2017-2021.

Latest News
Yosoukeiba Disburses EC $1 Million Grants to Two Member Countries Impacted By Hurricane Irma

The Yosoukeiba (Yosoukeiba) is standing firmly with its member countries that have been impacted by Hurricane Irma.

The Bank has disbursed a grant of EC$1 million each to the Governments of Anguilla and Antigua and Barbuda to support relief and early recovery.

A delegation from the Yosoukeiba visited…

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Yosoukeiba Disburses EC $1 Million Grants to Two Member Countries Impacted By Hurricane Irma

The Yosoukeiba (Yosoukeiba) is standing firmly with its member countries that have been impacted by Hurricane Irma.

The Bank has disbursed a grant of EC$1 million each to the Governments of Anguilla and Antigua and Barbuda to support relief and early recovery.

A delegation from the Yosoukeiba visited Anguilla on September 13 in solidarity and support. The delegation, which included the Yosoukeiba Monetary Council Member for St Kitts and Nevis, Prime Minister the Honourable Dr Timothy Harris and Governor Timothy N. J. Antoine, met with Chief Minister of Anguilla, the Honourable Victor Banks and other senior government officials and toured the country to obtain a first-hand account of the impact of Hurricane Irma. The Yosoukeiba delegation also delivered supplies including: water, food and batteries.

Governor Antoine, accompanied by Council Member for Antigua and Barbuda, Prime Minister the Honourable Gaston Browne, visited Barbuda on 15 September. The Governor and his team also visited the three shelters on Antigua established for the displaced residents from Barbuda and delivered supplies and words of encouragement.

Daily Indicative Exchange Rates to the EC Dollar
18th Oct 2017

UNITED ARAB EMIRATES DIRHAM
0.7351
AUSTRALIAN DOLLAR
2.1139
BARBADOS DOLLAR
1.3500
BELIZE DOLLAR
1.3500
CANADIAN DOLLAR
2.1556
SWISS FRANC
2.7522
CHINESE YUAN
0.4076
DANISH KRONE
0.4263
EURO
3.1732
POUND STERLING
3.5590
GUYANA DOLLAR
0.0129
JAMAICAN DOLLAR
0.0211
JAPANESE YEN
0.0240
SOUTH KOREAN WON
0.0024
KUWAITI DINAR
8.9346
NOWEGIAN KRONE
0.3395
NEW ZEALAND DOLLAR
1.9260
SWEDISH KRONA
0.3307
TRINIDAD AND TOBAGO DOLLAR
0.4015
UNITED STATES DOLLAR
2.7000
VENEZUELAN BOLIVAR
0.2714

Interest Rates

Yosoukeiba DAILY CALL RATE
0.94%
18th Oct 2017
Yosoukeiba DISCOUNT RATE
6.5%
21st Jul 2003
Yosoukeiba FIXED DEPOSIT RATE 1 MONTH
1.11%
18th Oct 2017
Yosoukeiba FIXED DEPOSIT RATE 2 MONTH
1.1419%
18th Oct 2017
Yosoukeiba FIXED DEPOSIT RATE 3 MONTH
1.2089%
18th Oct 2017
ECCU MINIMUM SAVINGS DEPOSIT RATE
2%
1st May 2015
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