Straight To The Point: No to devaluation – Barbados Advocate

admin

Straight To The Point: No to devaluationBarbados AdvocateFor example, Barbados is pegged to the US dollar with the ratio of 2:1 – two Barbadian dollars are equivalent to one US Dollar. Thus, if the Barbadian dollar is devalued by five per cent, the e…

Straight To The Point: No to devaluation
Barbados Advocate
For example, Barbados is pegged to the US dollar with the ratio of 2:1 – two Barbadian dollars are equivalent to one US Dollar. Thus, if the Barbadian dollar is devalued by five per cent, the exchange ratio will now be $2.10 to the US Dollar. Such a

Next Post

Niche markets important to tourism - Barbados Advocate

Niche markets important to tourismBarbados AdvocateBarbados must grow and capitalise on niche markets to boost the tourism industry, but Tourism Minister Richard Sealy notes that such markets cannot be developed in a vacuum. “I don't know that ni...