EC One and Two-Cent Coins Cease to be Legal Tender

EC One and Two-Cent Coins Cease to be Legal Tender

June 30th was the deadline for the public to spend, or take the EC one and two-cent coins to their commercial banks.

In July 2015, the Eastern Caribbean Central Bank (ECCB) announced that it was withdrawing the one and two-cent coins from circulation and that the public had five years to use those coins.

The public was allowed to spend the coins and businesses were allowed to accept them up until June 30th. However, businesses were not to issue the coins as change.

Persons were also urged to take the coins to their commercial banks and exchange them for face value or deposit them to their accounts. 

After the June 30th deadline, the public will not be able to use the one and two-cent coins to pay for goods or services, as they will no longer be legal tender.

 

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