BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados (CBB) Monday said it has begun its annual balance of payments (BOP) survey, seeking to capture essential data on international trade, cross-border investments, and financial transfers.
“The BOP survey underpins our management of the economy. The most important component of the balance of payments for us is its impact on the level of foreign reserves because, as an open economy, the Barbados economy lives and dies on the level of reserves,” said Anton Belgrave, the director of Research and Economic Analysis at the CBB.
The CBB said that the survey collects information to produce a comprehensive record of financial transactions between businesses residing in Barbados and the rest of the world.
It said that the insights garnered from this exercise allow the financial institution to understand better the dynamics of the foreign exchange market and the steady accumulation of foreign reserves, both of which are fundamental to maintaining Barbados’ fixed exchange rate and shaping national economic policy.
The CBB said it is urging all companies that receive the survey to submit their completed forms by May 11, 2026.
“We need businesses to respond and complete the balance of payments survey to enhance our understanding as to what is happening,” Belgrave added.
Following the enactment of the Central Bank of Barbados Act, 2020, the CBB maintains the authority to fine entities BDS$10,000 (One BDS$=US$0.50 cents) for failing to provide required information.
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