The rediscounting of commercial bank paper with the Central Bank

Author(s): Central Bank Of Barbados
Created Date:03 Dec,1973
Views:2
Category: The Chronicle of Central Bank of Barbados Policies, Central Bank's Advances, Rediscounts and Short-term Lending to Commercial Banks,
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The rediscounting of commercial bank paper with the Central Bank was introduced in December 1973. Discounts were mainly for loans to the sugar industry under the Agricultural Aids Act (Laws of Barbados CAP 1973-28). The maximum allowable interest was 8%. The Central Bank charged a discount rate 1% point below the interest rate on the discounted note.

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The rediscounting of commercial bank paper with the Central Bank

Central Bank of Barbados