The Bank

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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