Accept and bill Carib$
Revolutionising Trade and Cross-Border Payments in the Caribbean
Introducing Carib$, the complementary currency for the Caribbean.
C$ Payments in 2023
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.
Easy to use digital money with a stable value
Complementary currency securely backed by stable collateral
Governed by consent of public and private stakeholders
Integrated with CariBizNet — an opportunity to build connections
How We Are Creating Our Application
We are building our application with you.
Caribbean-Wide Payments at Your Fingertips
Making payments across the Caribbean has never been easier. Use the Carib$ Wallet Application for all your payment 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 and Jamaica 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.
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 Barbados and Jamaica Dollars (BBD, JMD). 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.
People are talking about Carib$ — stay in the loop.
The Caribbean is plagued by challenges in cross-border payments, stalling trade development across the region. …
Owen Seymour Arthur, former Prime Minister of Barbados, stated in the year 2000, ”I must …
International banks are de-risking their business and Caribbean businesses pay a steep price for this. …
Have questions about Carib$? We would love to hear from you.