Vincentians and other nationals of the Eastern Caribbean Currency Union, ECCU, have been given the assurance that the stability of the EC dollar will be maintained.
The assurance came from Governor of the Eastern Caribbean Central Bank, ECCB, Sir Dwight Venner, as he responded to a question from the local media at a News Conference held here last week.
The News Conference was held at the conclusion of the 79th Meeting of the Monetary Council of the Eastern Caribbean Central Bank, ECCB, which was held at the Buccament Bay Resort last Friday.
Sir Dwight said a number of things are checked by the ECCB Monetary Council, to ensure that the EC dollar is performing as it should.
Sir Dwight also noted that the International Monetary Fund, IMF, in its Annual Common Policies Report, said there is no need to change the parity of the Eastern Caribbean Currency.
Last Friday’s meeting of the ECCB Monetary Council was chaired by Prime Minister Dr. Ralph Gonsalves.