Category: CBDC

ECCB Wins International Award for Polymer Notes

The Eastern Caribbean Central Bank (ECCB) has won the Reconnaissance International Regional New Banknote Series Award for its family of EC Polymer Notes. The prestigious award recognises newly introduced banknotes and ID documents that exemplify superior technical sophistication and excellence in design and security. In his virtual acceptance speech, Acting Director in the ECCB’s Currency Management Department, Norman Sabaroche, thanked Reconnaissance International for the award, noting that it is a fitting accolade for the ECCB’s innovation of changing the substrate…

Caribbean Bankers Urged To Show Leadership

Saint Lucia, Tuesday, November 2nd, 2021: Nearly 150 Caribbean commercial bankers, private bankers, regulators, regional and international agencies, service and solution providers, and vendors convened online in recent days for CAB Conference 2021. For the first time, the Caribbean Association of Banks (CAB) Inc. organised the region’s foremost gathering for the financial services industry via a virtual fair, having met face-to-face in years prior. The event took place October 26-29, 2021. The theme of this year’s Conference – Beyond The Pandemic…

Work Advanced To Commence Pilot Implementation Of Jamaica CBDC In August

Bank of Jamaica (BOJ) Governor, Richard Byles, says work is being finalised to commence pilot implementation of the proposed central bank digital currency (CBDC) locally, in August. Mr. Byles indicated that technical support for the CBDC’s rollout, among other inputs, are being reviewed to facilitate onboarding of the first financial institution – National Commercial Bank (NCB) – to test the system. The Governor said between September and December, the BOJ will look to onboard more banks, adding that “we will…

Bank of Jamaica Picks eCurrency Mint as CBDC Partner

Saint Lucia, Friday, March 26th, 2021: The Bank of Jamaica (BOJ) is advancing plans to roll out digital currency, with the announcement on Wednesday (23 March) that the BOJ has selected an Ireland-based company as its technology partner. According to a release from the bank: “BOJ is pleased to announce that after an extensive procurement process, the technology provider chosen to support BOJ in testing a central bank digital currency (CBDC) solution in the Bank’s Fintech Regulatory Sandbox for a…