The Eastern Caribbean Central Bank (ECCB) was established in October 1983 as the monetary authority for a group of eight island economies namely: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and St Vincent and the Grenadines. The main objective of the ECCB is to maintain the stability of the Eastern Caribbean dollar and the integrity of the banking system.