24 June 2021
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
| Where base currency is XCD | Rates as of 1:15 am AST 24 June 2021 | Where term currency is XCD | Rates as of 1:30 am AST 24 June 2021 |
| XCD/EUR | 0.3103 | EUR/XCD | 3.2222 |
| XCD/GBP | 0.2653 | GBP/XCD | 3.7689 |
| XCD/USD | 0.3704 | USD/XCD | 2.7000 |
| XCD/CAD | 0.4556 | CAD/XCD | 2.1946 |
| XCD/NGN | 151.8860 | NGN/XCD | 0.0066 |
| XCD/CNY | 2.3986 | CNY/XCD | 0.4168 |
| XCD/PLN | 1.4026 | PLN/XCD | 0.7122 |
| XCD/PEN | 1.4509 | PEN/XCD | 0.6771 |
Foreign exchange. On 26 May 2021, the Cabinet of Ministers of Ukraine adopted the Resolution adopted a Resolution setting out the procedure the tax authority should use to fine legal entities for violating currency legislation. https://www.lexology.com/library/detail.aspx?g=b6a6e9df-ddaa-49c7-821a-355d5b0cf097
Foreign exchange. The U.S. dollar vacillated below an 11-week high versus major peers on Thursday as traders attempted to navigate conflicting signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus. https://www.cnbc.com/2021/06/24/forex-markets-dollar-us-federal-reserve.html
Interbank. Flour millers in Nigeria are turning to the street market for dollars to buy wheat after the central bank restricted the use of the U.S. currency to buy grain imports, according to the country’s third-largest operator. https://www.bloomberg.com/news/articles/2021-06-23/nigeria-flour-millers-squeezed-by-central-bank-ban-on-imports?sref=oriheOus
Interbank. The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China‘s interbank market, decreased 9.3 basis points to 2.208 percent Wednesday. http://www.china.org.cn/china/Off_the_Wire/2021-06/23/content_77581796.htm Interbank. China’s central bank boosted its short-term cash injection for the first time since March as it sought to cater to a growing demand for liquidity while keeping leverage in check. https://www.bloomberg.com/news/articles/2021-06-24/china-lifts-short-term-cash-injection-for-first-time-since-march?sref=oriheOus
Alton Drew 