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This paper examines what exchange rate strategies could be implemented in the Caricom region. The paper looks at the trade concerns by looking at alternative exchange rate strategies for the region on two bases, 1) a global balance of trade target and 2) to work with a dual exchange rate system where there is a Caricom rate for transactions within the region, combined with an entirely different exchange rate which each country can use for its transactions with the rest of the world.