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WHAT IS
THE ROLE OF THE BANK?
As an institution which has a
deep interest in the country’s development, the Bank in
particular:
- Invests in Barbados Government
Treasury Bills and Debentures
- Extends special financing to
the sugar industry and other industries
With respect to financial
institutions, the Central Bank:
- Determines what proportion of
their deposits they should invest in Barbados Government
Treasury Bills and Debentures
- Fixes the exchange rate and
commission charges by the commercial banks dealing in
foreign currencies
- Regulates commercial banks’
lending and the deposit rates of interests
- Provides banking services to
commercial banks, Government, financial institutions and
international financial institutions
- Acts as financial adviser to
Government Statutory institutions which are required by law
to consult with the Central Bank before entering any credit
operations
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