FUNCTIONS OF THE BANK

To carry out successfully its policy and to fulfil the objectives, the Central Bank performs the following functions:
Determine and implement monetary policy
Implement policies for the management of the exchange rate
Hold and manage all the official international reserves of Barbados
Issue and manage currency
Act as a lender of last resort to financial institutions
Collect and produce economic and financial statistics
Regulate and promote a safe, sound and efficient payment and clearing system
Adopt and implement macro-prudential policy measures to promote financial stability
Act as a prudential regulator in accordance with the Financial Institutions Act, Cap. 324a
Act as a fiscal agent and financial advisor to the Government
Carry out any ancillary activities which are related to the exercise of its functions under this act

Navigation