The Ministry of Finance, on behalf of the Eastern Caribbean Central Bank (ECCB), wishes to advise that, at the Fifty-First Meeting of the Monetary Council of the ECCB, held on July 23, 2004 in St. Kitts and Nevis, September 1st, 2004 was approved as the date for the effective implementation of the decision to liberalize exchange control in all ECCB member countries through the removal of the two hundred and fifty thousand EC Dollar ($250,000.00) limit on the purchase of foreign exchange without the authorization of the Ministry of Finance. In order to give effect to this decision of the Monetary Council, the relevant provisions of the Exchange Control Acts/Ordinance were suspended accordingly. We are pleased to announce that this process has been completed and that exchange control procedures have been liberalized in Grenada. Persons wishing to purchase foreign exchange will still be expected to indicate to the commercial banks the purpose for which the foreign exchange is required. This information is required for balance of payments purposes. Commercial banks will be responsible for classifying and collating the information provided by purchasers and sellers of foreign exchange and for reporting the consolidated information to the ECCB at the end of each month. MINISTRY OF FINANCE November 26, 2004 St. George’s