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Central Bank addresses concerns over US $1 notes in Barbados

Summary by NationNews
The Central Bank of Barbados has responded to public concerns about some businesses refusing to accept US $1 notes. While acknowledging the frustration this has caused, the Bank clarified that it has no authority to mandate businesses to accept foreign currency.In a statement, the Central Bank explained that, under Barbadian law, the acceptance of foreign currency is entirely at the discretion of individual businesses. As a result, businesses ar…
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