Education key to forex liberalisation success, says Bahamas governor
Private sector needs to base forex decisions on returns rather than “fear the erosion of wealth”, says Rolle
Educating the private sector will be a key component of the Central Bank of Bahamas’ goals this year, as the central bank continues to liberalise foreign exchange controls.
“The degree of success achieved with liberalisation ought to be gauged by the extent to which private sector decisions around the deployment of capital is based on genuine pursuit of higher productive returns rather than a fear of erosion of wealth from real or perceived risks of domestic economic ruin,” governor John Rolle
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