A History of Money and Banking in Barbados, 1627-1973

A History of Money and Banking in Barbados documents the development of money and commercial banking in Barbados from the date of the settlement in 1627 to the establishment of the Central Bank of Barbados in 1973. It examines the early years of barter; the introduction of British coins by the Royal Proclamations of 1825 and 1838; the issue of colonial coins (anchor money); the introduction and circulation of foreign coins; the debate over the legal tender of British silver coins and the share of the seigniorage of these coins.

Eric Armstrong is an economist who has had a distinguished career as a practitioner and as a teacher. He received his Bachelor of Arts (Economics and Statistics) from Columbia University and served on or with the Regional Labour Board, the Regional Economic Committee, the Government of the Federation of the West Indies, the Government of Jamaica and the Caribbean Development Bank. He has also lectured at the University of the West Indies, Barbados.