In observance of the 50th Anniversary of the Eastern Caribbean Currency Authority (ECCA) banknotes and the 32nd Anniversary of the Eastern Caribbean Central Bank (ECCB), the ECCB has issue a limited quantity of painted commemorative circulation one-dollar coins.
The coin is the exact shape and size of the existing one-dollar coin.
The reverse side of the coin bear some of the features of the ECCB one-dollar banknote which is no longer in circulation, while the obverse side will carry the usual portrait of Queen Elizabeth II.
The Royal Canadian Mint, which has been minting EC currency coins for the past five years, used pad printing technology in the production of the new colourful coin.
This method represents the next step in the evolution of painted coins and results in greater resistance to wear and tear.
The commemorative coin is of legal tender, representative of the ECCB, Sherma John, said at the launch of Financial Month 2015 on Thursday at the NCCB conference room.
“It is legal tender, and what will happen is that from today the banks will not issue the ordinary one-dollar coin,” John revealed. “It’s not to say that our previous coin is not legal tender, it is still legal tender, but because we want to have the commemorative circulation coin out there we will be issuing it until all of what’s in the vault is gone.”
She stated as of Thursday, local banks will not be issuing the ordinary $1-coin and will resume after the stock of commemorative coins runs out.
“So from today when you go to the commercial banks we will be using our new commemorative circulation one-dollar coin,” she stated.
She added, “You can use it, you can keep it, you can store it, you can send it for your family overseas.”
Meanwhile; the Launch of the new coins comes in observances of the Financial Information Month (FIM), which is also celebrating its 14th year.
The FIM is a regional, financial, economic, business and entrepreneurial education campaign executed in the Eastern Caribbean Currency Union (ECCU), through collaborative efforts of the ECCB.
The FIM partners purchased 10 coins and each coin was distributed media partners present at the ceremony.
The ECCB was established in 1983 and is the monetary authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.
Commemorative? rofl…
They can’t even spell “Leeward” correctly on the coin. I’m guessing with this typo from the ECCB the coin will actually be worth something.
Can I still use other coins
looks fake
lol seriously? . anyways i want one
There is very little value in circulated coins; Since they are often scratched, dented and scuffed. The uncirculated ones have the most value – Mint coins.
nobody asked you mr federal bank stupes we can google
You think that I’m not smart enough to know this? I’m a coin collector. If you refute it, I’ll post a set of un-circulated coin in my hands for your disbelief. You must be a Dominican – You never expect anything much from your own people. That’s why you all be continue to beg every country for help. I have several sets of coins. Some circulated and others are not. Even the much older big coins we once used in Dominica I have. You must be an IGNORAMUS.
The same right which was given to you to post your comment, is the very same given to me.