Interbank Market News Scan: Eastern Caribbean, foreign exchange, remittances …

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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 PairsRates as of 11:30 am AST 9 June 2021Rates as of 9 June 2020Change in rates
XCD/EUR0.30410.3279(7.3%)
XCD/GBP0.26170.2916(10.3%)
XCD/USD0.37040.3704flat
XCD/CAD0.44790.4962(9.7%)
XCD/NGN152.3500143.11806.4%
XCD/CNY2.36872.6201(9.6%)
XCD/PLN1.35781.4524(6.5%)
XCD/PEN1.44431.261714.4%

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