The Central Bank of Barbados is the primary financial institution responsible for managing the country's monetary policy and ensuring financial stability. Established in 1972, it plays a crucial role in regulating the banking sector and issuing the national currency, the Barbadian dollar. In addition to overseeing monetary policy, the bank also manages foreign exchange reserves and works to promote economic growth. It provides financial services to the government and acts as a banker to commercial banks, ensuring a stable financial environment for the people of Barbados.