EC Dollar Remains Strong, Says PM Browne

Antigua’s Currency Remains Strong with 98% Backing Ratio, Says PM Browne

Prime Minister Gaston Browne has assured that the Eastern Caribbean (EC) dollar remains strong and stable, reporting a 98% backing ratio—one of the highest in the region’s history.

Speaking on Pointe FM, Browne emphasized the strength of the EC dollar, crediting sound monetary policies and economic growth across the Eastern Caribbean Currency Union (ECCU). He noted that while the ratio dipped below 90% during the COVID-19 pandemic, it has since rebounded, reinforcing confidence in the currency.

“The EC dollar remains one of the strongest regional currencies, with a 98% backing ratio. This ensures financial stability and investor confidence across the region,” he said.

Browne also confirmed that interest rates remain unchanged, with savings rates staying at 2%, ensuring consistency for businesses and consumers.

He further highlighted discussions at the Eastern Caribbean Central Bank (ECCB) meeting, where leaders reviewed financial stability, credit access, and economic resilience.

For more updates on Antigua & Barbuda’s financial policies, visit Antigua Newsroom.

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