Former Central Bank of Barbados governor calls for dollarisation

Photo of Barbados dollars

The former governor of the Central Bank of Barbados, DeLisle Worrell, argues Caribbean countries would be best served by adopting the US dollar.

Worrell links his dollarisation argument to perceived shortcomings with the Caribbean Community (Caricom) – a political and economic union of 15 member states and five associate members. He says the community is failing to work together, so countries would be better off adopting the dollar, rather than trying to pursue common monetary, fiscal and

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