Established 1972 Interest on reserves 4.5% Founded 1972 | Governor Dr Delisle Worrell Website www.centralbank.org.bb | |
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Dfi conference allan wright central bank of barbados
The Central Bank of Barbados (CBB) is the national monetary authority responsible for providing advice to 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. Prior to the establishment of CBB, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA). The Central Bank operates as the banknote issuing authority for Barbadian currency.
Contents
- Dfi conference allan wright central bank of barbados
- Positive vibes august 2015 dr worrell governor central bank of barbados
- Role
- Organisation
- Past Central Bank Governors
- Awards of the CBB
- References
The name of the Central Bank's building is the Tom Adams Financial Centre, which is a ten-storey building located on Spry Street in Bridgetown. As part of the complex, there is a 491-seat theatre/auditorium known as the Frank Collymore Hall. The building was constructed between 1982 and 1986 and it was opened September 18th 1986.
The Global Competitiveness Report for 2008-09 ranked the soundness of Barbados's commercial banks as 21st out of 134 global jurisdictions assessed.
Positive vibes august 2015 dr worrell governor central bank of barbados
Role
At its inception the Central Bank of Barbados had certain objectives.
These were:
Today the regulatory capacity of the central bank handles the issuance of Barbadian banknotes and coins, and licensing of agencies such as: banks, investment businesses, depository trust and finance companies. It also undertakes supervision of Barbadian financial institutions, credit worthiness of the financial system, administering of the international reserves, and reporting regularly to the country on the national finances.
The Barbadian economy is reviewed regularly by several notable Wall Street investment firms including: PricewaterhouseCoopers, Standard & Poor's, and Moody's.
Organisation
The head of the Central Bank is the Governor, who is appointed by the Bank's Board of Directors. The current Governor of the Central Bank of Barbados is Dr Delisle Worrell as of November 2009.
The Bank also has two Deputy Governors in the person of Mr. Cleviston Haynes who was appointed in 2009 and Mr. Elson Gaskin who has been acting Deputy Governor since November 21, 2016 consequent upon the retirement of former Deputy Governor Mr. Harold Codrington.