Follow the rules for foreign currency accounts

The Central Bank of Barbados is again cautioning holders of foreign currency accounts against their misuse.

It’s coming from Acting Director of Foreign Exchange and Export Credits, Ian Collymore.

Mr. Collymore says the rules for holding such accounts are clearly spelt out.

The personal travel allowance for Barbadians has been raised to twenty thousand dollars, while those travelling for business will be up to sixty thousand dollars a year.

As it relates to foreign currency accounts, Mr. Collymore says they have no major restrictions

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