Tag Archives: Caribbean: Barbados economy ends year on high

Caribbean: Barbados economy ends year on high

BY GEORGE ALLEYNE – Caribbean Life News

Midway last year government’s foreign reserves stood at, $221.5 million, barely enough for 7.2 weeks of imports of essential items such as petroleum products. The international benchmark for reserves coverage is 12 weeks.  (Bdos$ = U$= 50c)

Contrasting that gloomy picture at June 30, 2018, the Barbados government ended the year holding $522 million in foreign currency.  The year-end GDP figures are not yet in but as of September it had jumped to $3.82 billion.

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