Caricom Bloc Advances Pilot to Reduce Dollar Dependence

The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the U.S. dollar. A pilot has already managed to complete a cross-border transaction between the Bahamas and Barbados. Caricom Pilots Payment Platform to Reduce Dollar Usage The instability of the U.S. trade […]