Economist, Dr Thompson Fontaine, is advising Prime Minister Roosevelt Skerrit to safeguard the value of the EC dollar as he takes on Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) today. The Monetary Council is the highest decision making authority of the ECCB and comprises the eight Ministers for Finance of the ECCB member Governments. Earlier today, Chairmanship of the Monetary Council of the ECCB was transferred to the Honourable Roosevelt Skerrit, Council Member for the Commonwealth of Dominica during the official Handing-over Ceremony at the Office of the President. Fontaine says he does not expect any changes within the ECCB as the EC Dollar is not under any pressure. He went on to advise the incoming chairman to ensure whatever policies are taken will sustain the strength of the EC dollar. Prime Minister Skerrit will succeed Outgoing Chairman, Honourable Gaston Browne – Council Member for Antigua and Barbuda.
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