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ECCB Governor visits Dominica

by: - January 10, 2017
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Prime Minister Roosevelt Skerrit and ECCB Governor, Timothy Antoine (Photo credit: Office of the Prime Minister)

Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, was today, Tuesday, January 10th, 2017, welcomed to the Office of the Prime Minister by Dominica’s Prime Minister, Roosevelt Skerrit.

The two leaders met briefly in the Prime Minister’s Office, following which Antoine made a presentation to the Cabinet of Ministers about the ongoing work of the ECCB.

Antoine, who hails from Grenada, assumed duties as the third Governor of the Eastern Caribbean Central Bank (ECCB) on 1 February 2016. He is an economist and development practitioner by training, experience and passion.

Prime Minister Roosevelt Skerrit and ECCB Governor, Timothy Antoine (Photo credit: Office of the Prime Minister)

Prior to taking up that position, Antoine served as Director for Grenada on the ECCB Board of Directors for the periods: 2002 to October 2005 and January 2008 to January 2016.

His twenty-two year tenure with the Government of Grenada was spent in the Ministry of Finance where he began as a Planning Officer in 1993 and rapidly moved up the ranks to Senior Economist before being appointed Permanent Secretary, serving in that position for the periods August 1999 to October 2005 and January 2008 to January 2016.

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It is the Monetary Authority for a group of eight island economies namely – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines.

The Agreement establishing the ECCB as the monetary authority for the eight ECCB participating governments, was signed on 5 July 1983 in Trinidad and Tobago. The ECCB was officially commissioned on 1 October 1983, replacing the Eastern Caribbean Currency Authority (ECCA) which was established in March 1965.

The primary objective of the ECCB is to maintain the stability of the Eastern Caribbean Currency and the integrity of the banking system.