Both Sides of The Coin: The Story of The Central Bank of Barbados 1972-2017

18 useful to the society it served and to remain at the cutting edge of its craft. The maturing of the institution necessitated some re-organisation of its processes and structures, but in some instances there was wholescale modernisation. The Bank was confronted by several challenges as it was forced to adapt to a rapidly-changing economic, social and political environment. For one, it was now functioning in a much more enlightened public arena that was, to a large extent, the product of its own efforts; consequently, it had to tread very warily with the implementation of its policies and with its public utterances. The Bank’s finest hour probably came during the economic crisis of the early 1990s, when it was in the forefront of the fight to preserve the value of the Barbados dollar.