Campaign Theme: “Fewer Cents Make More Sense”
Basseterre, St Kitts, 25 June 2015 -- The message for the withdrawal of the EC one-cent and two-cent coins from circulation is creatively captured in a jingle composed and sung by veteran calypsonian and soca artiste Fantastic Tunda of St Kitts and Nevis.
The jingle, which samples the tune from his 2013 hit: ‘Roun Up’, informs the public about the withdrawal process and the rounding rules applicable to cash transactions.
Effective 1 July, the ECCB will no longer issue the one and two-cent coins to commercial bank in the Eastern Caribbean Currency Union. As such, the banks will cease to issue the coins to consumers during transactions at any of their branches and businesses should not give the coins as change.
The ECCB wishes to remind the public that the coins can still be used to purchase goods and services as they remain legal tender up to 30 June 2020. The coins can also be deposited or exchanged for face value at any of the commercial banks within the ECCU during the five- year period ending 30 June 2020.
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