Business

Business

All Stories

CARICOM BUSINESS with Joseph Cox Oct 8, 2021

The Central Bank of The Bahamas’ (CBOB) foreign reserves have grown to $2.75 billion, supported by the IMF’s allocation of special drawing rights (SDR). The Bahamas was allocated 174.8 SDRs – which converts to about US$247.5 million – at a 0.05 % interest rate. In its monthly economic report, CBOB revealed that it has used $140.2 million to bolster reserves.

CARICOM BUSINESS with Joseph Cox Oct 8, 2021

Subcategories

Image