Barbados moves back into the black

The Central Bank of Barbados on Thursday reported a Bd$3 million ($1.5 million) profit for 2010, compared with a Bd$9.5 million loss recorded the previous year.

Figures released in the central bank's 2010 Annual Report attributed the gain to improved savings in expenditure performance for the year and higher levels of income from the sale of securities.

Total expenses declined by Bd$3 million, largely due to a Bd$2.3 million decline in the central bank's contribution to its pension fund

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