Barbados’ last Central Bank governor Mr Cleviston Haynes said his formal goodbyes on the weekend, ending more than four decades at the country’s lead financial institution.Not a man known for controversy, at his final departure he was his usual straightforward but equally diplomatic self, when he called on the country’s commercial banks to “do better”. He was at the time also lamenting the fact that he walks away from the Church Village, Bridgetown institution with “unfinished business”.There may be the suggestion by some that the former governor should have put more bite in his bark when he held the highest office at the Central Bank of Barbados which is the regulator of commercial banks.“Opening accounts is proving increasingly, and, I would suggest, unnecessarily difficult, often exceeding the expectations of the regulator which simply expects banks to use their discretion and document if necessary.“A very senior regional public servant recently recounted to me h
The island’s umbrella trade union body and a major teacher’s union are adamant that public officers must be given salary and wage increases this year, despite the Central Bank’s recommendation that a raise in pay shouldn’t be based on the rising cost of living. During his second-quarter economic review Press conference on Wednesday, Governor Cleviston Haynes declared he would not recommend public officers pursue salary increases as a means of tackling high prices.Haynes said the Government would have to make some very difficult choices in order to be able to facilitate an increase in wages. “Trying to chase prices through wage increases, I think, most economists would tell you that is not really a good idea. What the Government has tried to do which is perhaps more recommended, is try to be more targeted in some of the relief it provides to those who are going to be most impacted by w
Central Bank unveils high security polymer banknotes to be released in December barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
The Central Bank of Barbados will within a few days, unveil new banknotes that will go into circulation at the end of this year.
On May 4, the bank will host the official launch event for the new polymer banknotes, in an event that will be li