A review of the year 2003/2004 shows that the total assets of the Bank grew from $ billion in March 2003 to $ billion in March 2004 with Foreign Reserve Assets moving from $ billion to $ over the same period. The currency backing was at 97.65% as at 31 March 2004, which represented 8.6 months of imports of goods and services.
Currency in Circulation increased from $ million in March 2003 to $ million in March 2004. The currency maintained its value at 2.7 to the US dollar. The rate of inflation in the Currency Union averaged 1.8% during the year.