Established in May 1972 by the Government of Barbados, the Central Bank of Barbados is responsible for the administration of monetary policies, banknote issuing, the regulation of exchange controls and the supervision of commercial banks and financial institutions.
Prior to the existence of the Central Bank, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA).
The Central Bank of Barbados seeks to:
- Promote monetary stability
- Promote a sound financial structure
- Foster development of money and capital markets
- Channel commercial bank credit into productive activities
- Foster credit and exchange conditions conducive to the orderly and sustained economic development of Barbados
Mission Statement:
"The Mission of the Central Bank of Barbados is to foster a sound economic and financial environment which promotes the development of its stakeholders and encourages a culture of excellence and leadership"
Since March 2005, the Central Bank has been headed by the Governor of the Bank, Dr. Marion Williams.
For further information visit The Central Bank of Barbados website.
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