And third, Chairman Bernanke has an extraordinary ability to lead us to conclusions that are designed to best meet our responsibilities and that are, in the end, supported by most members of the Committee. My comments today aren’t made in an attempt to focus more attention on our communications – it is hard to imagine more attention!
First there are international business companies (IBCs) involved in a wide range of commercial and funding activities, which are exempt from capital controls. These companies are not permitted to offer services to Barbadian residents.