Tag: ECCB

Bitt and Montserrat sign MOU

Montserrat and Barbados based tech-firm Bitt have signed an MOU to create a digital payments eco-system in Montserrat. The MOU will provide a framework for Montserrat and Bitt to create a pilot programme which includes a feasibility study designed to test the viability of Digital E.C. Dollars in the Montserrat economy. Read more HERE…

ECCU Currency to get a major overhaul

The Eastern Caribbean Central Bank (ECCB) has advised that the material which the currency notes are made with will be changed from cotton to polymer. Polymer notes generally have greater longevity and durability over paper based notes. They also facilitate advanced security features like the use of metameric inks. Polymer notes, however require higher upfront production costs. The ECCB expects the first notes will be printed in 2019. Read more HERE…