  Since the move to floating in 1973, flexible exchange rates have not behaved according to textbook predictions:    –  Their volatility has exceeded what could be justified by shocks to fundamentals. –  Persistent misalignments have emerged among the major currencies.
We are committed to working with Government to improve the payments infrastructure, including through the reduced use of cheques and cash. This should contribute to speedier, secure settlement of transactions. So why an exhibition celebrating cash? While we aim to decrease significantly the use of cash, we cannot ignore that at present it accounts for a significant percentage of the transactions made in Barbados.