Worrell rules out devaluing Barbadian dollar
Central Bank of Barbados governor DeLisle Worrell has ruled out devaluing the Barbadian dollar in an attempt to mitigate the country's building foreign exchange imbalances.
The central bank is forecasting a net foreign exchange outflow of 450 million Barbadian dollars ($225 million) in 2013, and is concerned by the extent to which this will deplete its reserves.
So far, it has preserved the value of the Barbadian dollar, which is pegged to the US dollar at a ratio of 2:1. "[We are] protecting
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