ST JOHN’S, Antigua – Despite recent suggestions from an international investment agency that Caribbean territories devalue the Eastern Caribbean currency, a top OECS official is advising otherwise.
Senior Director at the OECS Secretariat Randy Cato said programmes and policies should be implemented to ensure the EC value is maintained as it is “very important for economic decision-making.
“We need to maintain the strength and the value of the EC Caribbean dollar as a currency in which there is significant confidence,” Cato told OBSERVER media yesterday.