9 June 2021
Links you should follow …
Eastern Caribbean Securities Exchange. No trades were made by the end of the trading day, 8 June 2021. https://www.ecseonline.com/wp-content/uploads/2021/06/ECSE-DAILY-TRADE-REPORT-8Jun21.pdf
Eastern Caribbean Securities Exchange. S.L. Horsford & Company Limited to hold 30th annual general meeting. https://www.ecseonline.com/wp-content/uploads/2021/05/SLH_NoticeofAGM_2021.pdf
Banks. The St.Kitts-Nevis-Anguilla National Bank Limited to hold its 50th annual general meeting. https://www.ecseonline.com/wp-content/uploads/2021/06/3-6-21_SKNANB_Notice-of-Meeting.pdf
Remittances. Dominicans living abroad have not only sent more remittances to the country between January and April of this year when compared to the same period in 2020, with a growth of 64.8%, but they have also increased the amount by transactions. https://dominicantoday.com/dr/uncategorized/2021/06/08/dominican-republic-remittances-jump-64-8-to-april/
Foreign exchange. UK businesses which make regular overseas payments are losing out on hundreds of pounds per transaction thanks to inferior foreign exchange rates charged by Britain’s biggest banks. https://www.thisismoney.co.uk/money/smallbusiness/article-9625805/Is-bank-ripping-business-costly-foreign-exchange-mark-ups.html
Interbank. LIBOR offered interbank rates. https://www.brecorder.com/news/40098690/libor-interbank-offered-rates
Eastern Caribbean Central Bank. DCash, the digital version of the EC dollar, is set to go live in Saint Vincent and The Grenadines by the end of June. https://www.eccb-centralbank.org/news/view/eccb-to-launch-dcash-in-saint-vincent-and-the-grenadines-in-june
Foreign exchange rates of interest….
Source: OANDA
| Currency Pairs | Rates as of 11:30 am AST 9 June 2021 | Rates as of 9 June 2020 | Change in rates |
| XCD/EUR | 0.3041 | 0.3279 | (7.3%) |
| XCD/GBP | 0.2617 | 0.2916 | (10.3%) |
| XCD/USD | 0.3704 | 0.3704 | flat |
| XCD/CAD | 0.4479 | 0.4962 | (9.7%) |
| XCD/NGN | 152.3500 | 143.1180 | 6.4% |
| XCD/CNY | 2.3687 | 2.6201 | (9.6%) |
| XCD/PLN | 1.3578 | 1.4524 | (6.5%) |
| XCD/PEN | 1.4443 | 1.2617 | 14.4% |
Alton Drew 