The Eastern Caribbean Central Bank (ECCB) will host a regional panel discussion next week to mark the 50th anniversary of the Eastern Caribbean dollar's fixed exchange rate with the United States dollar.
According to Antigua News Room, the event — themed "EC Peg at 50: Celebrating Progress, Charting the Future" — is scheduled for Wednesday, July 1, at 6 p.m. at the Sir Cecil Jacobs Auditorium at ECCB Headquarters in Basseterre, St. Kitts and Nevis.
The discussion commemorates five decades since the EC dollar was pegged to the US dollar at a fixed rate of EC$2.70 to US$1.00 on July 7, 1976. The ECCB states that the exchange rate has remained unchanged since that date, providing monetary and financial stability across the Eastern Caribbean Currency Union (ECCU).
The central bank credits the fixed exchange rate with strengthening confidence in the regional currency, supporting trade and investment, and contributing to the economic resilience of member countries.
Governor Timothy N. J. Antoine will join the panel alongside Rosamund Edwards, Dr. Wendell Samuel, Assistant Governor of the ECCB, and Alrica Antoine. The discussion will be moderated by L. Garfield Burford.
The ECCB said the event will examine the legacy of the EC dollar peg, its contribution to regional development over the past 50 years, and the opportunities and challenges that lie ahead.
The panel discussion will be streamed live on ECCB Connects social media platforms and broadcast on radio and television stations throughout the Eastern Caribbean Currency Union.
