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General
Press Releases
Press
Release January
30, 2004THE CENTRAL BANK OF BARBADOS ISSUES NEW MONETARY POLICY
The Central Bank of Barbados wishes to advise the public of an adjustment in monetary policy.
Effective February 16, 2004 the securities requirement for commercial banks will be reduced from 16% to 12% of deposits.
The Bank is of the view that the existing level of reserve requirements is ineffective in an environment of high liquidity.
January 30, 2004
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