Antigua and Barbuda joined a special ECCB session on foreign currency reserves. Moreover, the meeting comes as the region nears a key milestone.

The Board of Directors of the Eastern Caribbean Central Bank convened the session. Directors reviewed how the Eastern Caribbean Currency Union manages its reserves. These reserves support the fixed exchange rate of EC$2.70 to US$1.00.

July 2026 will mark 50 years since the peg began. Therefore, the discussion carried added significance. The exchange rate arrangement has remained in place for five decades.

During the meeting, directors received briefings on reserve policies. They also examined safeguards used to protect the funds. In addition, they reviewed governance structures that guide decisions.

The board discussed risk management systems as well. These systems aim to protect the exchange rate. Furthermore, members looked at asset allocation strategies. These strategies seek to strengthen financial resilience across the region.

The Board underscored its duty to act prudently. It stressed the need for sustainable reserve management. At the same time, members said policies must respond to global financial changes.

Antigua and Barbuda participated alongside seven other member states. Together, the eight territories form the ECCB. Therefore, each country had representation at the session.

Governor Timothy N.J. Antoine chaired the meeting. Deputy Governor Dr. Valda F. Henry also attended as an executive member. In addition, representatives from each participating territory joined the discussion.

The session focused strictly on reserve management. Directors examined how policies support the long-standing currency peg. They also assessed tools that help maintain financial stability.

As the 50-year milestone approaches, attention remains on safeguarding the exchange rate. Consequently, the Board reaffirmed its commitment to careful oversight. The discussions reflect ongoing efforts to maintain confidence in the Eastern Caribbean currency system.