ECCB sees sense in scrapping cents

eccb
Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank (ECCB) will cease to issue one and two cent coins from July 1 to sidestep the "significant cost of producing and handling them".

They will remain legal tender until June 30, 2020, but banks will stop circulating them and businesses will be encouraged to round cash transactions to the nearest five cents.

In a press release titled "Fewer Cents Make More Sense!" the ECCB explained that rounding "will not be applied to non-cash payments" as they can be "settled

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: