Barbados' Williams on exchange controls

Speaking at the opening of a new bank in Barbados, the governor of the central bank, Marion Williams, set out plans to end 35 years of exchange controls in the country.

The Central Bank of Barbados took over responsibility for exchange controls in 1973, and the system served has served the country well, the governor noted in the speech at the end of June, "mainly for monitoring purposes, and helped to avoid the disastrous speculative outflows which nearly ruined some Southeast Asian countries

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