Thu | Aug 17, 2017

Central bank launches publication to demystify economic issues

Published:Sunday | September 18, 2016 | 9:00 AM
Dr DeLisle Worrell, governor of the Central Bank of Barbados.

The Central Bank of Barbados (CBB) launched a new publication on Friday focusing on how the economy and economic policies impact Barbadians.

"In the past 50 years, the areas in which we as a nation have thrived are the areas where there has been exceptional

performance and a sustained commitment to achieving and maintaining the highest standards. Our first edition of Economic Insight.bb shines a spotlight on Barbadians and Barbadian institutions that are world class," said CBB Governor, Dr DeLisle Worrell.

CBB Public Affairs Officer Novaline Brewster said the publication "also gives insight into how and why certain decisions are made and about how broader events, both local and international, impact us as a country", adding that it "demystifies economics and tells you what you need to know using straightforward language and dynamic images and illustrations".

The CBB said that the publication will also focus "on meaty issues, but we're doing it in a relatable and engaging way".

The first edition delves into topical domestic economic issues such as the critical role that maintaining an adequate level of foreign reserves plays in keeping the economy stable.

"Another article provides an explanation of 'printing money', a term that has been mentioned often in recent years, but that is probably misunderstood by Barbadians outside of economic circles," the CBB said.