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

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   Collect and produce economic and financial statistics. Regulate and promote a safe, sound and efficient payment and clearing system. Adopt and implement macro-prudential policy measures to promote financial stability. Act as a prudential regulator in accordance with the Financial Institutions Act, Cap. 324a. Act as a fiscal agent and financial ...

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

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   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 ...

   • Established: 1972

   • Interest on reserves: 4.5%

3. People also ask

   What are the functions of the Central Bank of Barbados?

   • The functions of the Central Bank of Barbados include the promotion of a sound financial structure in Barbados through the supervision and regulation of the financial system. The Bank Supervision department is the regulatory arm of the Central Bank and its examiners conduct both onsite and offsite inspections of all licensed financial institutions.

   REGULATORY FRAMEWORK - Central Bank

   www.centralbank.org.bb/financial-stability-and-financial-regulation/regulatory-framework

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   When was the Central Bank of Barbados established?

   • The Central Bank of Barbados was established in May 1972 by the Government of Barbados to advance the pace of economic development in the country.

   About CBB - Central Bank

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   Who is responsible for the management of the Central Bank of Barbados?

   • A Board of Directors comprising the Governor, the Director of Finance and Planning and no more than five other Directors, is responsible for the policy and general administration of the Bank. Statements of the assets and liabilities of the Central Bank of Barbados issued each month.

   About CBB - Central Bank

   www.centralbank.org.bb/about-cbb

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   What is the role of inspection in the Central Bank of Barbados?

   • The Bank Supervision department is the regulatory arm of the Central Bank and its examiners conduct both onsite and offsite inspections of all licensed financial institutions. The Role of Inspection in the Central Bank of Barbados. Laws and guidelines governing the regulation of the financial system.

   REGULATORY FRAMEWORK - Central Bank

   www.centralbank.org.bb/financial-stability-and-financial-regulation/regulatory-framework

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4. www.centralbank.org.bbCentral Bank of Barbados - Home

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   The portal will be unavailable between the hours of 8:00 a.m. and 12:00 noon on Sat... Read More. 09 May 2024. Results of Reverse Auction for Government of Barbados Series D Bonds. The auction was concluded on March 8, 2024, and successful offers settled on March... Read More. 03 May 2024. Outlook for Barbados' Economy in 2024. The Central Bank ...

5. www.gov.bb › State-Bodies › central-bankCentral Bank of Barbados - GOV.BB

   www.gov.bb › State-Bodies › central-bank

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   Tom Adams Financial Centre Spry Street Bridgetown St. Michael. Tel: (246) 436-6870 Fax: Accounts (246) 427-4074 Banking (246) 437-3334

6. www.centralbanking.com › central-bank-of-barbadosCentral Bank of Barbados - Central Banking

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   Aug 12, 2015 · The Central Bank of Barbados was established in May 1972 by the government of Barbados to advance the pace of economic development in the country. Prior to 1972, the East Caribbean Currency Authority (ECCA) was the institution responsible for the management of monetary matters for most of the smaller Eastern Caribbean countries, including Barbados.

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

   barbadostoday.bb › 2022/01/13 › how-the-central-bank

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   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.