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Stop The Press!

(Nation News) The Government has been warned that it must stop printing excess money or face the likelihood of ending up on the same tragic economic path as Jamaica and Guyana, which have faced almost irrecoverable currency devaluations.

 

The caution has come from former Prime Minister Owen Arthur who, in delivering the first Independence lecture of the School of Politics yesterday, told Barbadians that the Central Bank had printed $370 million to purchase Government Treasury Bills, which had caused the country’s foreign exchange reserves to plunge.

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