The Eastern Caribbean Central Bank is resolute about its mandate to protect the Eastern Caribbean Dollar and will continue to maintain high levels of foreign reserves while protecting the stability of the banking system.
That’s according to a release on the ECCB’s official website.
The April 1, 2021 release announced that the acquisition of Royal Bank of Canada ECCU Operations by a consortium of National Banks had been finalised.
The full release is reproduced below:
The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada’s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St Kitts) and Nevis and Saint Lucia will cease, having been acquired by a consortium of national banks.