Digital and financial literacy are important and St Vincent and the Grenadines (SVG) needs to become a digital economy in order to effectively compete regionally and internationally where business is concerned.
Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank's holdings of foreign exchange, were long generally dismissed as throwbacks to the colonial era. (See box for an explanation of what currency boards are and how they work.) It was argued that…
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