The Central Bank of Barbados has added three additional forms to its foreign currency application portal, Forex Online. As a result, starting Thursday 1st June, Barbadians and other residents will now be able to complete all of their requests to purchase or transfer foreign currency electronically.
Previously, the portal was used by individuals and businesses who were applying to purchase foreign currency for travel or to make one-off payments or transfers to people or entities abroad.
“Since we launched Forex Online in January 2022, we’ve had more than 15,000 people register to use it. Over the past 17 months, we’ve listened to their feedback and made adjustments to make the interface more user-friendly. Now, we feel it is time to bring the full suite of forms online to make applying for foreign currency much more convenient and efficient for Barbadians.”
The Forex Online portal is accessible through the Central Bank’s website, www.centralbank.org.bb