Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin
Instagram



News from the Caribbean:




Back To Today's News

EC dollar stable, secure, says ECCB
Published on August 23, 2017 Email To Friend    Print Version

ec_currency.jpg

By Sharon Richards

BASSETERRE, St Kitts (WINN) -- The Eastern Caribbean Central Bank (ECCB) has given assurances that the EC dollar remains stable and that Eastern Caribbean banknotes are protected by the various security features of the notes.

Deputy director of the Currency Management Department, Rosbert Humphrey, said, “At this time the situation that has been circulating via social is only unique to Grenada. We have no reports from the other Eastern Caribbean territories, so it’s just Grenada.”

The Royal Grenada Police Force recently seized three counterfeit $50 notes and one $100 note.

Humphrey says there is no need for the public to be alarmed:

“There is no real reason for persons to be worried at this time; there were three $50 dollar counterfeit notes that were received in Grenada and one $100 dollar counterfeit note received. So there’s no real reason just a total of four notes that were actually received by the police in Grenada. I just want to assure the general public that the Eastern Caribbean Central Bank notes have a lot of security features so we are basically secure, we are safe.

“However you will find from time to time especially around Christmas time, carnival time that person would attempt to actually counterfeit or duplicate them. I must remind the public though that we have a quite a lot of trained persons in the police force in the Eastern Caribbean and our trained persons here at the Eastern Caribbean Central Bank. Notwithstanding that, the commercial banks also have personnel who are trained to actually differentiate genuine notes from counterfeit bank notes.”

The ECCB urged the public to be vigilant, particularly during Christmas and carnival festivities when the bank said perpetrators tend to engage in the production and circulation of counterfeit notes.

The Central Bank also reminded the public that it is an offence to be in possession of counterfeit EC notes.

Republished with permission of West Indies News Network
 
Reads: 5820





Click here to receive daily news headlines from Caribbean News Now!




Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.






Other Headlines:



Regional Sports: