Exploring the Power of Complementary Currencies for Revitalising the Caribbean Economy

Categories
Finance

Complementary Currencies (CCs) have been around since the 1980s and are currently being used by over 5000 communities worldwide – ranging from small villages in Africa to whole countries such as Switzerland. CCs have proven to support economic development specifically in regions plagued by liquidity issues, which begs the question: Can a Complementary Currency solution […]

A Remedy Against De-risking of Banks

Categories
Finance

International banks are de-risking their business and Caribbean businesses pay a steep price for this. As an example, remember what was happening in Belize in 2016. At this time the majority of Belize’s banks were de-risked. There was no easy way to transfer money in or out of Belize using the banking system, which wreaked […]