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Barbados Has Failed To Achieve A Balance Between Foreign Exchange Inflows And Outflows

Barbados Has Failed To Achieve A Balance Between Foreign Exchange Inflows And Outflows

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Governor of the Central Bank of Barbados Dr DeLisle Worrell in his January economic letter, titled – We are the Craftsman of our Economic Fate – has indicated that the country has failed to achieve a balance between foreign exchange inflows and outflows and has failed to achieve that balance since 2013.

Commenting further he said there remains a need to dampen spending further in order to protect the country’s reserves of foreign exchange adding that the Central Bank remains in a position to provide US dollars at the two-to-one exchange rate to meet all legitimate needs, if no other source is sufficient.

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