CBB Logo The Chronicle of Central Bank of Barbados Policies
Table 1
Cash Reserve Requirement & Stipulated Government Securities for Commercial Banks (Domestic % of Barbados dollar accounts; Foreign % of foreign currency deposits)


Table 2a Stipulations for Hire-Purchase Agreements, February 9, 1977
Table 2b Stipulations for Hire-Purchase Agreements - (Amendment) September 28, 1977
Table 2c Stipulations for Hire-Purchase Agreements - (Amendment) November 23, 1978
Table 2d Stipulations for Hire-Purchase Agreements - (Amendment) August 20, 1979
Table 2e Stipulations for Hire-Purchase Agreements - (Amendment) March 18, 1982
Table 2f Stipulations for Hire Purchase Agreements - (Amendment) March 18, 1982
Table 2g Stipulations for Hire-Purchase Agreements - (Amendment No. 1) May 22, 1986
Table 2h Stipulations for Hire-Purchase Agreements - (Amendment No. 2) November 21 1986

Stipulations for Hire-Purchase Agreements, February 9, 1977

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Motor Cars (Non-commercial)

Up to 13,500

25

36

"

13,501 - 16,000

33.33

24

'

16,001 & over

50

12

Motor Cycles

Up to 3,000

33.33

24

'

3,001 & over

40

18

Television Sets

Up to 600

25

24

"

601 - 1,000

33.33

18

"

1,001 & over

50

12

Stereo Equipment*

Up to 250

10

18

"

251 - 500

25

18

"

501 - 1,000

33.33

12

"

1,001 & over

50

6

Refrigerators

Up to 900

25

24

"

901 - 1,500

33.33

18

"

1,501 & over

50

12

Freezers (Non-commercial)

Up to 1,000

25

24

"

1,001 - 1,500

33.33

18

"

1,501 & over

50

12

Stoves

Up to 500

25

24

"

501 - 1,000

33.33

18

"

1,001 & over

50

12

Washing Machine (incl. dish washers)

Up to 1,000

25

24

"

1,001 & over

33.33

18

Water Heaters (excl. solar)

Up to 500

25

12

"

501 & over

33.33

6

Cameras & Jewellery

Any amount

50

12

Stipulations for Hire-Purchase Agreements - (Amendment) September 28, 1977

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Motor Cars (Non-commercial)

Up to 13,500

33.33

24

"

13,501 - 16,000

50

18

'

16,001 & over

50

12

Television Sets

Up to 600

33.33

18

"

601 - 1,000

50

12

"

1,001 & over

50

6

Stereo Equipment*

Up to 250

25

18

"

251 - 500

50

18

"

501 - 1,000

50

12

"

1,001 & over

50

6

Refrigerators

Up to 900

50

18

"

900 - 1,500

50

12

"

1,501 & over

50

6

Freezers (Non-commercial)

Up to 1,000

50

18

"

1,001 - 1,500

50

12

"

1,501 & over

50

6

Stoves

Up to 500

25

24

"

501 - 1,000

33.33

18

"

1,001 & over

50

12

Washing Machine (incl. dish washers)

Up to 1,000

50

12

"

1,001 & over

50

18

Stipulations for Hire-Purchase Agreements - (Amendment) November 23, 1978

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Refrigerators

Up to 1000

33.33

18

"

1,001 - 1,700

50

12

"

1,701 & over

50

6

Stoves

Up to 700

33.33

18

"

701 - 1,000

50

12

"

1,001 & over

50

6

Water Heaters (excl. solar)

Up to 500

33.33

12

"

501 & over

33.33

6

Stipulations for Hire-Purchase Agreements - (Amendment) August 20, 1979

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Motor Cars (Non-commercial)

Up to 20,000

33.33

24

"

20,001 - 30,000

50

18

'

30,000 & over

50

12

Motor Cycles

Up to 3,000

25

24

"

3,001 & over

40

18

Stipulations for Hire-Purchase Agreements - (Amendment) March 18, 1982

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Motor Vehicles (2 tons & under)

Up to 13,500

33.33

24

"

13,501 - 20,000

50

18

'

20,001 - 30,000

50

12

"

30,001 & over

100

-

Motor Cycles

Up to 3,000

33.33

18

"

3,001 & over

50

12

Stereo Equipment*

Any amount

50

6

Cameras & Jewellery

Any amount

50

9

Stipulations for Hire Purchase Agreements - (Amendment) March 18, 1982

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Stereo Equipment Locally manufactured

Up to 1,000

25

18

"

1,001 & over

50

12

Stereo Equipment Video Cassette Recorders-Imported

Any Amount

50

6

Stipulations for Hire-Purchase Agreements - (Amendment No. 1) May 22, 1986

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Motor Vehicles (2 tons & under)

Up to 16,100

33.33

21

"

16,101 - 24,000

50

15

"

24,001 - 36,000

50

12

"

36,001 & over

100

-

Stipulations for Hire-Purchase Agreements - (Amendment No. 2) November 21 1986

Item

Value
$

Down payment
% of value

Period of
repayment
(months)

Refrigerators

Up to 1,000

20

18

"

1,001 - 1,700

25

12

"

1,701 & over

50

6

Stoves

Up to 700

15

24

"

701 - 1,200

25

18

"

1,201 & over

33.33

12


Table 3 Central Bank Rates for Discounts and Advances (Percentages)


Table 4 Central Bank Ceiling on Treasury Bills


Table 5 Regulation of Interest Rates at Commercial Banks
Table 5 (Cont’d) Regulation of Interest Rates at Commercial Banks
Table 5 (Cont’d) Regulation For Finance Companies & Deposit Taking Companies
Table 5 (Cont’d) Regulation For Finance Companies & Deposit Taking Companies


Table 6 Mortgage Interest Rates (Percentages)


Table 7 Bank Branches and Agencies - Selected Years