CARIB$ COMPLEMENTARY CURRENCY: A SOLUTION TO CARIBBEAN’S CROSS-BORDER CURRENCY PAYMENT CHALLENGES
Port of Spain, Trinidad and Tobago – 29th May 2023 – Movement of capital in the Caribbean has long faced challenges due to heavy reliance on foreign correspondent banks and limited USD liquidity. This dependence has resulted in expensive, slow, and de-risking-prone cross-border payments. Consequently, the region’s financial disconnect hampers the development of the Caribbean …