Stability for Barbados currency

Barbados is on a countdown to a target that will place the country’s dollar in a position to once again assure local and international investors of its firmness as a currency in which to invest. The aim is to return the island’s foreign exchange reserves to and above the Bar$1 billion mark that ensures the exchange rate of Bar$1 equaling 50 cents the US remains unchallenged. The Prime Minister recently spoke of the reserve target last Sunday when she signed a US$100 million loan from the Inter-American Development Bank to finance a macroeconomic program

(Source: CaribbeanLife News)