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Central Bank of Barbados
 | |
_(cropped).jpg) CBB headquarters in Bridgetown | |
| Headquarters | Tom Adams Financial Centre, Spry Street, Bridgetown, Saint Michael |
|---|---|
| Coordinates | 13°05′56″N 59°36′47″W / 13.098828°N 59.613030°W |
| Established | 1972 |
| Ownership | 100% state ownership[1] |
| Governor | Kevin Greenidge |
| Central bank of | Barbados |
| Currency | Barbadian dollar BBD (ISO 4217) |
| Reserves | 470 million USD[1] |
| Interest on reserves | 4.5% |
| Website | www |
The Central Bank of Barbados (CBB) is the national monetary authority and central bank responsible for providing advice to the Government of Barbados on banking and other financial and monetary matters. The Central Bank of Barbados, was established by Act of parliament on 2 May 1972.[2] Prior to the establishment of CBB, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA). The Central Bank operates as the banknote issuing authority for Barbadian currency.
The name of the Central Bank's building is the Tom Adams Financial Centre, which is a ten-storey building located on Spry Street in Bridgetown. As part of the complex, there is a 491-seat theatre/auditorium known as the Frank Collymore Hall. The building was constructed between 1982 and 1986 and it was opened September 18, 1986.[3]
The Global Competitiveness Report for 2008–09 ranked the soundness of Barbados's commercial banks as 21st out of 134 global jurisdictions assessed.[4][5]
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ "CHAPTER 323C - Central Bank of Barbados". Parliament of Barbados. Barbados Deposit Insurance Corporation, BDIC. 2 May 1978. Retrieved 19 January 2010.
- ^ "Barrack Construction Company to get $50M". Archived from the original on 10 January 2016. Retrieved 16 July 2020.
- ^ "8th pillar: Financial market sophistication". The Global Competitiveness Report 2008-2009. 2008–2009. p. 2. Archived from the original on 24 November 2010. Retrieved 11 January 2010.
Section 8.07: Soundness of banks 21 (out of 134)
- ^ Taylor, Rob (10 September 2008). "Canada rated world's soundest bank system: survey". CIBC.com. Archived from the original on 18 February 2009. Retrieved 11 January 2010.
CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets. [...] The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa.
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