Central Bank of Barbados governor ‘concerned’ about level of reserves

Photo of Barbados dollars
Money in the jar: Barbados low on reserves

The governor of the Central Bank of Barbados has said he is “concerned” with the level of international reserves, after they fell below 12 weeks of import coverage – a level that is deemed “comfortable”.

“We are concerned about the direction in which the reserves have been going,” acting governor Cleviston Haynes said at a press conference following the release of the bank’s latest quarterly review.

“We consider it a very important issue for us, considering these reserves act as a buffer for t

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