The coronavirus or COVID-19 pandemic has interrupted the operations of business globally and, in this regard, Barbados is no different. We, at FT Legal, are focused on assisting our existing and prospective clients navigating this uncertain terrain, and are therefore committed to providing updates on the repercussions of this pandemic on business continuity in Barbados. […]
The Central Bank of Barbados has further liberalised foreign currency transactions, continuing the movement toward more relaxed exchange controls that it began in 2019. The new policy, which will impact several types of foreign currency transactions, goes into effect from Monday, February 17, 2020. “Authorised dealers can now approve and execute larger foreign currency transactions, […]