The administration of Exchange Control commenced in Barbados in 1967 with the passing into law of The Exchange Control Act, Cap.71. Section 3 of this Act states that the Minister with responsibility for Finance is designated the Exchange Control Authority, who has the responsibility to administer and regulate foreign exchange flows between Barbados and other countries. The Minister of Finance has delegated the performance of many of his functions under the Act to the Central Bank of Barbados (Bank). The Bank monitors, analyses and regulates foreign exchange transactions and advises the Minister of Finance accordingly.
The Guide to Exchange Control in Barbados has been prepared by The Central Bank of Barbados.
The guide discusses the Exchange Control practices and procedures currently in force in Barbados. Learn more