Author: Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can email me at altondrew@gmail.com.
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U.S.-Eastern Caribbean Interbank Market News Scan as of 11:00 am AST: Trump’s tariffs on Venezuela appears to have little impact on the Eastern Caribbean; European money supply increases.

What we are reading today … White House. Venezuela. Tariffs. “On or after April 2, 2025, a tariff of 25 percent may be imposed on all goods imported into the United States from any country that imports Venezuelan oil, whether directly from Venezuela or indirectly through third parties.  Duties imposed by this order will be … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 11:00 am AST: Trump’s tariffs on Venezuela appears to have little impact on the Eastern Caribbean; European money supply increases.

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US-Eastern Caribbean Interbank Market News Scan: American central bankers see drop off from Trump effect.

What we’re reading. Federal Reserve Bank of St. Louis. Alberto Musalem. Monetary policy. “St. Louis Fed President Alberto Musalem discussed the importance of the Fed’s regional structure and shared his views on the U.S. economic outlook and monetary policy at an event in Paducah, Ky. He gave a speech, “Remarks on the U.S. Economic Outlook … Continue reading US-Eastern Caribbean Interbank Market News Scan: American central bankers see drop off from Trump effect.

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U.S.-Eastern Caribbean Interbank Market News Scan as of 12:17 pm AST: US Supreme Court listens to arguments about non-delegation doctrine.

What I am reading today. U.S. Supreme Court. Federal Communications Commission. Universal Service. Today, the United States Supreme Court entertains three questions regarding the non-delegation doctrine and universal service for telecommunications companies. 1. Whether Congress violated the nondelegation doctrine by authorizing the Commission to determine, within the limits set forth in Section 254, the amount … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 12:17 pm AST: US Supreme Court listens to arguments about non-delegation doctrine.

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U.S.-Eastern Caribbean interbank news scan as of 11:08 pm AST: USVI concerned about Trump impact on economy.

What we’re reading: U.S. Virgin Islands. VIPSC. Utilities. “The Virgin Islands Public Services Commission is preparing to launch a series of high-stakes investigations into the territory’s public utilities — while warning lawmakers Monday that chronic mismanagement, outdated infrastructure and nonpayment of regulatory assessments are threatening the commission’s ability to carry out its duties.” — St. … Continue reading U.S.-Eastern Caribbean interbank news scan as of 11:08 pm AST: USVI concerned about Trump impact on economy.

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U.S.-Eastern Caribbean Interbank and Money Markets as of 9:30 am AST

What we’re reading. Caribbean. Diaspora. Resilience. “As millions continue to migrate in search of better opportunities or refuge from conflict and persecution, the narratives that emerge from these journeys illustrate not only the challenges faced but also the remarkable strength found in adversity.” — Caribbean Focus. Guyana. Venezuela. Essequibo. Oil. “On March 6, 2025, a … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets as of 9:30 am AST

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U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

The Takeaway: Is the Eastern Caribbean legal framework preventing a trade opportunity in complimentary currency? Fractional reserve banking is the milk of the poppy that even Caribbean central banks may not be able to shake (Sorry. I have been reading A Game of Thrones). This thought popped into my mind while listening to a webinar … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

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U.S.-Eastern Caribbean FX, Interbank, and Money Markets as of 8:34 PM AST

Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Administered rates per the Board of Governors of the Federal Reserve System. Discount Window: 4.50% Effective Federal Funds Rate: 4.33% Interest on Reserve Balances: 4.40% Overnight Reverse Repurchase Facility Rate: 4.25% Reference Rates per the Federal Reserve Bank of New … Continue reading U.S.-Eastern Caribbean FX, Interbank, and Money Markets as of 8:34 PM AST

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U.S.-Eastern Caribbean, Interbank and Money Markets: FX, Bonds, Reference Rates as of 9:30 am AST

Rates as of 9:30 am AST Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Administered rates per the Board of Governors of the Federal Reserve System. Discount Window: 4.50% Effective Federal Funds Rate: 4.33% Interest on Reserve Balances: 4.40% Overnight Reverse Repurchase Facility Rate:4.25% Reference Rates per the … Continue reading U.S.-Eastern Caribbean, Interbank and Money Markets: FX, Bonds, Reference Rates as of 9:30 am AST

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Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST

Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Foreign exchange per the Eastern Caribbean Central Bank. USD/XCD=2.70 GBP/XCD=3.50703 EUR/XCD=2.95475 CAD/XCD=1.89095 JPY/XCD=0.01803 KWD/XCD=8.76751 AED/XCD=0.73513 NGN/XCD=0.00175 CNH/XCD=0.37372 Foreign exchange per the Central Bank of Barbados. USD/BBD=1.980000 GBP/BBD=2.545900 EUR/BBD=2.139360 CAD/BBD=1.382520 Foreign exchange per the Central Bank of Trinidad and Tobago. USD/TTD=6.7152 … Continue reading Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST