Central Bank: Beware of Fake Money

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Beware of unscrupulous persons trying to pass off fake banknotes as real money. That is the caution from the Central Bank of Barbados as the 2018 Crop Over season kicks into full swing. “Times of the year where there is a lot of cash in circulation embolden counterfeiters,” said Octavia Gibson, Deputy Director, Currency at the Central Bank. “And during …

Arrival Of IMF Mission & Appointment Of Advisor

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Government announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, had arrived in Bridgetown on a three-day visit. The team will hold discussions with the Prime Minister and Minister of Finance, Mia Amor Mottley, Governor of the Central Bank of Barbados, Cleviston Haynes, other senior government officials, and representatives from the private sector …

Central Bank Governor: Business Facilitation Key

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Barbados has to pay greater attention to business facilitation. This view was expressed by Governor of the Central Bank, Cleviston Haynes, on Monday as he delivered remarks at the opening of the Week of Excellence 2018 Programme, at the Courtney Blackman Grande Salle. Mr. Haynes said the economy would require greater levels of local and foreign investment going forward and …

Excellence To Be Celebrated Next Week

Sharon Austin Ministry News

Excellence will again be the focus for workers, employers and Government, when the annual Week of Excellence Programme is observed from Sunday, February 25, to Saturday, March 3. Productivity: The Heart of Our Future, is the theme of the week, which will begin with a service on Sunday at the Bethel Methodist Church, Bay Street, St. Michael, beginning at 9:00 …

Barbados Has New Central Bank Governor

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Cleviston Haynes has been appointed as Governor of the Central Bank of Barbados. Minister of Finance and Economic Affairs, Christopher Sinckler, pursuant to the powers vested in him under Section 11 (1) of the Central Bank of Barbados Act CAP 323C of the Laws of Barbados, and with the concurrence of the Cabinet of Barbados, approved the appointment of Mr. …

Sir Courtney Blackman – A Visionary Leader

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Barbados’ first Central Bank Governor, Sir Courtney Blackman, has been hailed for his exemplary leadership and for carving out an economic model for Barbados, in the few years after Independence, that transformed the island into a modern society and economy, with the naming of the Grande Salle at the Tom Adams Financial Centre, in his honour. Sir Courtney, whose pioneering …

Government Committed To 2-1 Exchange Rate

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The two to one peg which Barbados has held with the United States dollar since the advent of our own Central Bank, will be maintained. This assurance came as Minister of Finance and Economic Affairs, Christopher Sinckler addressed those gathered at the Frank Collymore Hall, last Friday evening, to witness the naming of the Grande Salle after the first Governor …

What Is The Foreign Exchange Fee (FXF)?

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  Central Bank of Barbados See also: READ MORE Central Bank: Beware of Fake Money anemptytextlline READ MORE Arrival Of IMF Mission & Appointment Of … anemptytextlline READ MORE Central Bank Governor: Business Facilita… anemptytextlline READ MORE Limited Number Of Misprinted Notes In Ci… anemptytextlline READ MORE Excellence To Be Celebrated Next Week anemptytextlline READ MORE Barbados Has New Central …

FX Fee To Take Effect July 17

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The two percent (2%) fee on purchases of foreign currency that was first announced by Minister of Finance and Economic Affairs, Christopher Sinckler, during the 2017 Financial Statement and Budgetary Proposals will now go into effect for cash, bank drafts and wire transfers on Monday, July 17, 2017. Credit, debit and travel cards will become subject to the fee from …