FORMER PRIME MINISTER, Owen Arthur has cast scorn on what he describes as the Central Bank’s “vandalism”.
And while contributing the 2016-2017 Estimates of Expenditure and Revenue yesterday, he questioned if Government was making the best decisions for the populace based on the best information coming from the bank.
The St Peter MP charged that the Central Bank was charting Barbados on a course of instability by appeasing Government’s access to printed money to finance its operations.
“I say to this House and I am not speaking to cause any panic, but our foreign exchange reserves have fallen by half a billion dollars over the course of the last few years; this is not the time for the Central Bank of Barbados to be printing money to finance a Government’s deficit,” he said.
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