Comments on: $1.4 million in cash stolen from the Central Bank of Barbados

By: Anonymous from Saint Michael, Barbados

Thu, 25 Dec 2008 21:45:04 +0000

Am I correct in thinking that the Central Bank is similar to our Federal Reserve in the states?

No u r not correct

By: Russel M. from London, United Kingdom

Sat, 22 Nov 2008 04:28:39 +0000

This isn’t the first time the chap has had a run in with the law and he apparently was a vault attendant. Shocking that this could happen at the CENTRAL BANK of all place. Rumours abound about money going missing during Barbados’ last “earthquake”.

By: linnette M from Saint Michael, Barbados

Thu, 20 Nov 2008 14:14:23 +0000

This is mighty strange to me. How much experience does he have that he was entrusted with such a posotion. Are there no periodic and unplanned checks. At good old Barclays Bank PLC we used to call them snap checks. without any notice the manager would summon the vault custodians and a check would be done. It would appear to me that something is seriously wrong with the procedures at the CBB. How was this moved out with out being noticed? When money is going to the CBB there is police both at the front and back of the convoy , and the section of Roebuck Street that is one way normally is used for travel in the opposite direction so that minimum time is used to transport the cash. What is the point of police taking such care to get it there safely? if measures are not in place to protect once on sight.Maybe Central Bank inspectors need to do some internal work, and not just visit commercial banks every whatever the period is to ensure they are following CBB regulations. This is as good a time as any to revise their procedures

By: Observer from London, United Kingdom

Wed, 19 Nov 2008 16:32:26 +0000

A young man has been in custody for this since day 1, but the media is not reporting on it, perhaps because of the standing of his father. Please note I did not call any names and this is not libelous.

By: Russel M. from London, United Kingdom

Wed, 19 Nov 2008 16:14:43 +0000

Liz, this is taken from another forum from somebody who apparently works at the Central Bank…

“The vault in the central bank is such that no one person can ever get into it alone. Different combinations must be entered simultaneously. It’s also on a time-release – the combinations (which change periodically) only work during a certain time period on certain days, and short of blasting a hole in the side the building, there is no way to get into the vault outside of those times. if you get locked in, tough beans. NO ONE, not even the governor, is allowed inside the vault without clearance. No bags are allowed to be carried inside, period. So how did $1.4 M go “missing? “

By: Liz from Saint Michael, Barbados

Wed, 19 Nov 2008 10:59:29 +0000

How many people have keys to The Central Bank vaults?

By: Garry from Saint Michael, Barbados

Sat, 15 Nov 2008 23:02:37 +0000

It is an amazing story so much money going missing from the Central Bank and they dont seem to have a clue as to how to it happned or how much of the cash is actually in circulation. I think this story has the potential to make a good story for a movie, when all or should I say if the facts ever come to light.

The Barbados Blog

By: CA from London, United Kingdom

Fri, 14 Nov 2008 02:23:50 +0000

Am I correct in thinking that the Central Bank is similar to our Federal Reserve in the states? If so, this is incredibly shocking!