Central Bank: Follow foreign account rules

Barbadians could face closure of their foreign currency accounts if they do not follow the rules when the new exchange control liberalisation measure becomes effective today.

That warning from the Central Bank of Barbados comes as commercial banks adopt a wait-and-see stance regarding interest in the major new policy.

The Central Bank confirmed that “from August 2, Barbadians will be able to open foreign currency accounts without restrictions”.

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