U.S Foreign Policy in the Caribbean seldom contemplates Monetary Policy. Domestic currencies in the Caribbean pervert economic freedom. Rather than being seen as economic imperialism, the spread of United States Dollars in the Caribbean should be seen as the spread of economic freedom. I am joined by Dr. DeLisle Worrell, former Governor of the Central Bank of Barbados to discuss why all Caribbean currencies should be permanently retired in favor of adopting the USD as the sole currency throughout the region. We also discuss the potential of Chinese RMB internationalisation in the Caribbean.
Further reading: The Time Has Come to Permanently Retire All Our Caribbean Currencies by Dr. Worrell
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Music: Night Nurse by Gregory Isaacs