The Eastern Caribbean Central Bank (ECCB) will host a panel discussion next week to commemorate the 50th anniversary of the Eastern Caribbean dollar’s fixed exchange rate with the United States dollar.
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 marks 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. According to the ECCB, the exchange rate has remained unchanged since then, providing monetary and financial stability across the Eastern Caribbean Currency Union (ECCU).
The central bank said the fixed exchange rate has helped strengthen confidence in the regional currency, supported trade and investment, and contributed 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 the region’s development over the past 50 years, and the opportunities and challenges that lie ahead.
The discussion will be streamed live on ECCB Connects social media platforms and broadcast on radio and television stations across the Eastern Caribbean Currency Union.
This article was originally published by Antigua News Room. Read the original article here: ECCB to Mark 50 Years of EC Dollar Peg With Regional Panel Discussion.