4 September 2019, Basseterre, St Kitts and Nevis – The Eastern Caribbean Central Bank (ECCB) is reminding the public that it has issued a new family of EC notes made from polymer.
Polymer is a thin, flexible and transparent plastic film made from a versatile and complex material, which allows polymer banknotes to be cleaner, safer and stronger.
The family of EC polymer notes was launched in May. The Acting Director in the Currency Management Department, Rosbert Humphrey says that so far, the ECCB has issued the $20, $50 and $100 polymer notes to commercial banks in the Eastern Caribbean Currency Union. The $10 is expected to be issued by October and the $5 around August of 2020.
Humphrey reminds businesses that the EC polymer notes are legal tender and as such should be accepted for the transaction of business. He advises persons to look for the key features of the polymer notes to determine whether they are genuine.
One of the key features of the EC polymer notes is the unique tactile feature on each note. These are raised bumps at the top left-hand corner on the front of the note, which form familiar shapes designed to assist blind and visually impaired individuals with identifying the denomination of each note. Other features of the EC polymer notes include:
- The portrait orientation where the notes are read from top to bottom instead of left to right as is the case with the paper notes;
- The holographic foil strip, which is on the $20, $50, and $100. The images and colours in this section of the notes change when the notes are tilted; and
- The image of the former Governor of the ECCB, the late Sir K Dwight Venner on the back of $50.
EC polymer and paper banknotes are in circulation at the same time. That is, in conducting business individuals may receive both the polymer and paper banknotes. The paper notes will be withdrawn from circulation over a period of not less than five years after the issue of the $5 polymer note in 2020.
About the Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.
Media Contact: Ingrid O’Loughlin, Senior Director, Corporate Relations Department
Phone: (869) 465-2537 | Fax: (869) 465-9562