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  1. www.centralbank.org.bb › objectives-and-functionsObjectives and functions - Central Bank

    What are the Functions of the Bank? To carry out successfully its policy and to fulfil the objectives, the Central Bank performs the following functions: Determine and implement monetary policy; Implement policies for the management of the exchange rate; Hold and manage all the official international reserves of Barbados; Issue and manage currency

  2. en.wikipedia.org › wiki › Central_Bank_of_BarbadosCentral Bank of Barbados - Wikipedia

    The Central Bank of Barbados ( CBB) is the national monetary authority and central bank responsible for providing advice to the Government of Barbados on banking and other financial and monetary matters. The Central Bank of Barbados, was established by Act of parliament on 2 May 1972. [2] Prior to the establishment of CBB, Barbados ' monetary ...

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  4. barbadostoday.bb › 2022/01/13 › how-the-central-bankHow the Central Bank functions – Part 1 - Barbados Today

    Jan 13, 2022 · One such function is to manage Barbados’ international reserves, which are required to maintain the Barbados $2 to US $1 exchange rate that has been in place since July 1975. Elson Gaskin, Bank Secretary, explains just how critical reserve management is. “We import a lot of goods into Barbados – fuel, food, and so on.

  5. www.centralbank.org.bb › news › general-pressHow (and Why) the Central Bank of Barbados Finances Government

    The Barbados Government has several options for where it can get that financing. Externally, it can borrow from international financial institutions (IFIs) or on the international capital market. Domestically, it can issue securities, which Barbadians buy, and in so doing loan money to Government, or it can borrow from the Central Bank of Barbados.

  6. www.centralbank.org.bb › news › annual-reportsThe Central Bank of Barbados’ 2021 Annual Report

    The plan takes account of its impact on the public finances and, in the short term, relies on the contribution of the Bank’s annual earnings. In 2021, the Bank realised a net income of $2.8 million, compared to $24 million the previous year. The weaker performance largely reflects adjustments for exceptional items, including foreign exchange ...

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