Links to follow …
Banks. When the European Union launched the euro two decades ago, economists wondered if this novel currency might pull off a feat none other had managed in the post-war period: to challenge the mighty American dollar. https://www.economist.com/finance-and-economics/2021/06/21/the-international-role-of-the-euro
Banks. Online-only assets like Bitcoin and Ethereum have become a lucrative opportunity for millions of savvy amateur investors, but now Russia’s central bank is warning people to steer clear of what could end up being a very risky buy. https://www.rt.com/russia/527147-crypto-central-bank-warning/
Banks. London Offered Interbank Rates (LIBOR). https://www.brecorder.com/news/40101846/libor-interbank-offered-rates
Banks. Wall Street regulators delivered a uniform message to President Joe Biden Monday: the huge capital buffers that banks built up over the pandemic are protecting the financial system from looming threats. https://www.bloomberg.com/news/articles/2021-06-21/banks-robust-capital-mitigates-risks-regulators-tell-biden?srnd=premium&sref=oriheOus
Banks. Banks looking to expand into the wild world of crypto are getting a pointed reminder from regulators of the risks involved. https://www.bloomberg.com/news/articles/2021-06-21/banks-chart-cautious-crypto-policy-with-regulators-taking-aim?sref=oriheOus
Eastern Caribbean Securities Exchange
Bank share prices as of 21 June 2021
| The Bank of Nevis Ltd. | $3.75 |
| Bank of St. Vincent and the Grenadines | $6.70 |
| East Caribbean Financial Holding Company Ltd | $4.00 |
| Grenada Co-operative Bank Ltd. | $8.88 |
| Republic Bank (Grenada) Ltd. | $45.00 |
| St. Kitts Nevis Anguilla National Bank Ltd. | $2.80 |
Eastern Caribbean Central Bank-interest rates
| ECCB Fixed Deposit Rate-1 month | 0% |
| ECCB Fixed Deposit Rate-2 months | 0% |
| ECCB Fixed Deposit Rate-3 months | 0% |
| ECCU (1) Minimum Savings Deposit Rate | 2% |
| ECCB Discount Rate | 2% |
- (1) Eastern Caribbean Currency Union
Foreign exchange rates of interest
| Currency Pairs | Rates as of 1:15 am AST 22 June 2021 |
| XCD/EUR | 0.3114 |
| XCD/GBP | 0.2670 |
| XCD/USD | 0.3704 |
| XCD/CAD | 0.4597 |
| XCD/NGN | 151.9260 |
| XCD/CNY | 2.3940 |
| XCD/PLN | 1.4125 |
| XCD/PEN | 1.4578 |
22 June 2021
Alton Drew, Consiglieri 