Tag Archives: Devaluation

Roland Clarke Disagrees with Owen Arthur’s Recommendation on Currency Peg

Roland Clarke posted the following to BU’s Facebook Timeline Here are my thoughts in regards to the budget debate contributions of the Rt Hon Owen Seymour Arthur on the occasion of his response to the Barbados Budget 2017. Mr Arthur is the immediate past Prime Minister of Barbados and Minister of Finance. My thoughts are focused on Barbados’ fixed currency

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The Grenville Phillips Column – Prepare for Devaluation

Since the DLP have not corrected the fatal flaws in their economic development plans, and the BLP are unwilling to offer any workable solutions, then if we continue on the current path, devaluation of the Barbados dollar is certainly foreseen.  Based on their past governing experience, Barbadians are unprepared for the level of misery that they will experience if they

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Dr. Honohan’s Visit to Barbados

The following Barbados Advocate editorial is reproduced to facilitate discussion on the highly publicised visit to Barbados by Dr. Honohan, former Governor of the central bank of Ireland – Barbados Underground EDITORIAL – WHY DEVALUATION IS NOT THE ANSWER Mon, 04/03/2017 – 12:00am Barbados IN the presentation he made last Thursday evening at the Grande Salle of the Tom Adams

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Devaluation and Privatization

Submitted by Looking Glass That the IMF would dare suggest devaluation of the dollar as reported is to put it mildly unwise, misleading and embarrassing. Economics assume rationality. Countries are not rational entities; they differ in terms of resources etc. Dollar devaluation might have been something to consider if we were a large scale producer and exporter with large guaranteed

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