Regulatory Alerts2022-05-27
ECCB Agreement Amendment Order
The Minister of Finance issued this order to amend the Eastern Caribbean Central Bank Agreement by updating statutory definitions and clarifying currency issuance rights. The amendment formally recognizes digital currency as electronic fiat and expands the legal definition of currency to include commemorative coins alongside traditional notes and coins. It grants the Bank sole issuance rights across Participating Governments while establishing specific legal tender limits for bank-issued coins based on their denominations.
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