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Annual Report 2020


 

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The Annual Report outlines the Bank's activities and achievements. It includes the financial statements and a message from Governor Alvin Hilaire.

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Highlights:

  • • Among the other key achievements during FY2019/20 were the rapid demonetization of the $100 cotton note and replacement by a polymer note.
  • • In the context of the twin shocks – the pandemic and the energy price drop – the Bank took strong monetary policy action to support financial activity in the weakened economy.
  • • The Bank also made significant advances in the drive towards digitisation with the establishment of an “Innovation Hub” and Regulatory Sandbox for Fintech Firms.
  • • Internally, gains were made in strengthening governance, improving efficiency and streamlining operations.
  • • The Bank implemented a comprehensive Pandemic Response Plan to support staff in adjusting to new working arrangements.

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Visual Summary:

Monetary Policy

Financial Stability

Internal Operations

 

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