EC Dollar is an anchor
ZIZ News…June 4th, 2013 — As the ECCB marks thirty seven years of the EC dollar being pegged to the US dollar at a fixed rate, the Governor, Sir K Dwight Venner says this is a sign of the currency’s stability.
He says this is the type of certainty that foreign investors look for in a possible business partner.
Venner called the EC dollar an anchor in a time of uncertainty and said there’s no need for governments to consider devaluing it.
Recently Moody Investor Services suggested that the EC dollar should be devalued to address the region’s debt crisis.
Sir Venner disagrees, saying it is a sign of stability among member countries.