Accept and bill Carib$
Revolutionising Trade and Cross-Border Transfers in the Caribbean
Introducing Carib$, the complementary currency for the Caribbean.
Our Proof Of Concept
500
Carib$ Transfers in 2024
3
Participating Countries
100%
Cash backed
Access New Markets & Create New Growth
Carib$ is a complementary currency, operating alongside Caribbean national currencies to bridge the region’s economies and create new markets for your business, making Carib$ a fast track towards CSME and a catalyst of the 25by2025 initiative.
Simple
Easy to use digital asset with a stable value
Secure
Complementary currency securely backed by stable collateral
Fair
Governed by consent of public and private stakeholders
Convertible
Exchange Carib$ for Caribbean currency at any time
Stable
Connected
Integrated with CariBizNet — an opportunity to build connections
How We Are Creating Our Application
We are building our application with you.
Transfers
Caribbean-Wide Transfers at Your Fingertips
Making transfers across the Caribbean has never been easier. Use the Carib$ Wallet Application for all your transfer needs.
Send and receive Carib$ at the tap of a button with the easy-to-use wallet application, accessible 24/7 on your computer or mobile device.
Rest assured that your Carib$ will maintain a stable value against familiar reference assets, like the Barbados Dollar, Eastern Caribbean Dollar, and Trinidad & Tobago Dollar. Stability is created by backing Carib$ with Caribbean currencies, bolstered by active and responsible governance.
Grow your business network in CariBizNet, a dynamic marketplace of Carib$ users — the tool for trade development.
Governance
By the Caribbean
Responsible and transparent governance is at the heart of Carib$ — ensuring a secure, stable, and growth-minded solution. Carib$ leverages the experience and expertise of public and private-sector stakeholders for its governance.
Essentially, it's the exchange rate between Carib$ and a Caribbean currency, like the Barbados dollar. The peg will be set to maximise value for Carib$ users.
Carib$ will initially have a collateral ratio of 100% to ensure the security and stability of the currency. Traditional currencies employ a range of collateral ratios, ranging from 0% (USD) to nearly 100% (BBD). The adjustment of the collateral ratio is possible in the future through users’ trust in the integrity of Carib$.
Carib$ will be backed initially by only the Barbados dollar (BBD), Eastern Caribbean dollar (XCD), & Trinidad and Tobago dollar (TTD). A dynamic mix of Caribbean commodities, securities, bonds and other assets may be introduced in the future — collateral that promotes stability and regional development.
Introduce new Carib$ products and features to enhance Caribbean trade development. Carib$ products may include trade finance tools, cash advances, term loans, purchase order finance, and receivables discounting, among others.
What’s New?
Stay Updated
People are talking about Carib$ — stay in the loop.
PAPSS or Carib$ or both of them — where should the Caribbean go? Despite the …
Exploring the Power of Complementary Currencies for Revitalising the Caribbean Economy Complementary Currencies (CCs) have …
Tackling USD Liquidity Drenches in the Caribbean The Caribbean is plagued by challenges in cross-border …
Media
Contact Us
Have questions about Carib$? We would love to hear from you.