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Tag: central bank of barbados

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Greenidge backs instant payments

Business Shawn Cumberbatch Shawn Cumberbatch -
The Central Bank of Barbados is preparing to introduce an instant payments system. Governor Dr Kevin Greenidge expects it will help to lower the cost...

Less reliance on cash

Business Shawn Cumberbatch Shawn Cumberbatch -
BARBADIANS are reducing their dependence on cash. The Central Bank of Barbados says that based on the amount of currency in circulation, the public is...

Finance sector deposits at $16b

Business Shawn Cumberbatch Shawn Cumberbatch -
THERE HAS BEEN a near $393 million surge in deposits in the banking system since December. The boost comes mainly from foreign currency inflows and...

Barbados records 2.6% economic growth in first quarter

Business Shawn Cumberbatch Shawn Cumberbatch -
Barbados maintained its economic growth momentum in the first quarter, with real gross domestic product expanding by an estimated 2.6 percent. Central Bank of Barbados...

Instant payment system coming

Business Shawn Cumberbatch Shawn Cumberbatch -
The Central Bank of Barbados is taking a significant step in modernising the country’s payment infrastructure with the issuance of a Request for Proposal...

‘Fiscal benefits’ from debt swaps

Business Shawn Cumberbatch Shawn Cumberbatch -
The Central Bank of Barbados says debt-for-development swaps of the kind undertaken by Government can ease debt burdens and create fiscal space for growth. That is...
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