PR – The new EC$5 polymer banknotes are now available in the Commonwealth of Dominica and Grenada.
The Eastern Caribbean Central Bank (ECCB has issued the new notes to all commercial banks in the Commonwealth of Dominica and the following banks in Grenada:
- CIBC FirstCaribbean International Bank (Barbados) Ltd
- Grenada Co-operative Bank Ltd
- Republic Bank Grenada Ltd (Halifax Street)
The ECCB launched its family of polymer notes in May 2019 with the new $50 note which features former Governor of the ECCB, the late Honourable Sir K Dwight Venner. The $100, $20 and $10 were issued subsequently based on stock levels at the commercial banks in the ECCB member countries.
The EC polymer notes are made from a thin, flexible and transparent plastic film. The notes are cleaner as they are more resistant to dirt and moisture; more secure as they are more difficult to counterfeit because polymer allows for the inclusion of advanced security features. The notes are also stronger because they are much more durable than paper and are difficult to tear.
The EC polymer and paper notes are co-circulating. Therefore, in conducting your business you may receive both the EC polymer and paper banknotes.
The new EC$5 polymer notes are also in circulation in St Kitts and Nevis.