Submitted by People Democratic Congress (PDC)
The fact that Barbados money/currency whenever made is made overseas is not doubted. Furthermore, whenever whatever the amount of Barbados money/currency that is made, it is paid for from out of the net international reserves of the Central Bank of Barbados. These reserves have come through various sources, e.g. they have come through those persons and enterprises in Barbados that have been complying with the relevant laws, their having to hand over to the Bank, much of the foreign exchange that they would have obtained through national sectoral activities geared towards foreign exchange generation; have come through private and government sector foreign exchange borrowings which are lodged with the Bank, etc.
Whereas the cost of producing Barbados money/currency is NOT much in terms of the foreign reserves used up when such money is being produced, in the final analysis it is still Barbados money/currency which has to be used in the local political economy and the services industry.
So, one of the very unflattering things about those very huge, disgusting TAX minuses (mentioned in this now four part series) would have been that, throughout the course of those 23 years, these intellectually politically bankrupt DLP/BLP Governments did go on to eventually make use of the monies that they had illegally come by.
They, et al, made sure that payments for government workers for work done – here and overseas – and made sure that government welfare checks, old age pensions, etc. for those persons who were qualified to receive them – were done and received, whereupon, all of the recipients, in turn, satisfied their own desires and purposes by buying food and drink, clothing, toiletries, paying bills or saving.