Prime Minister Mia Amor Mottley denies the government is printing money to boost economic activity.
Speaking in the House of Assembly, on Friday 5th August, she responded to allegations that the government has been artificially increasing the money supply via the Central Bank.
She dismisses the charge as fake news. “And the BOSS (Barbados Optional Savings Scheme) bonds that people bought, were bought by ordinary public servants, and others who then bought from public servants, it wasn’t a case of printing money. And to the extent that the central bank issued securities, under the Pandemic Levy. It was because they were issuing securities, out of money that was converted from the Special Drawing Rights from the International Monetary Fund, which is the government’s money, but we didn’t know each day or each week, having persons making all kinds of spurious allegations.”
Voice of: Prime Minister Mia Amor Mottley.