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Bank of Antigua was an Antigua-based bank that was owned by the Stanford Financial Group and was central to the Ponzi scheme run by Allen Stanford. It was originally formed on the 10 February 1981 in St. John's. When the Ponzi scheme was exposed in 2009, the bank was taken over by the Eastern Caribbean Central Bank (ECCB) on 20 February 2009. [1]
The Eastern Caribbean Central Bank (ECCB) [2] is a supranational central bank that serves Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, all members of the Organisation of Eastern Caribbean States (OECS) that use the ECCB-issued Eastern Caribbean Dollar as their currency.
Various governments took over Stanford's business operations. The Eastern Caribbean Central Bank announced that it had taken over the local operations of the Bank of Antigua, which was renamed the Eastern Caribbean Amalgamated Bank. [38] The Venezuelan government took over Stanford Bank Venezuela, the branch of Stanford's bank in that nation ...
Benefits of online and digital banking. Higher rates and lower fees. Online banks save a bundle without operating branch locations, and these savings translate into stronger annual percentage ...
The last 1 dollar notes were issued in 1989 and 50 dollar notes were introduced in 1993. On 1 April 2008, the Eastern Caribbean Central Bank issued a new series of banknotes which are like the preceding issues, except for omitting both the barcode and the country code letters which form part of the serial number on current notes. [12]
Location of Antigua and Barbuda. Antigua and Barbuda is a twin-island country in the Americas, lying between the Caribbean Sea and the Atlantic Ocean.It consists of two major inhabited islands, Antigua and Barbuda, and a number of smaller islands (including Great Bird, Green, Guinea, Long, Maiden and York Islands and further south, the island of Redonda).
List of governors of the Eastern Caribbean Central Bank No. Governor Nationality In office Ref. 1 Sir Cecil Jacobs: Saint Kitts and Nevis: 5 July 1983 1989 [2] 2 Sir K. Dwight Venner: Saint Vincent and the Grenadines: December 1989 November 2015 [3] 3 Timothy Antoine: Grenada: February 2016 present [4]
The Eastern Caribbean Central Bank (ECCB) issues a common currency (the East Caribbean dollar) for all members of the ECCU. The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. Antigua and Barbuda is a beneficiary of the U.S. Caribbean Basin Initiative. Its 1998 exports to ...