Special Envoy of the British Virgin Islands Government, Benito Wheatley and Premier’s advisor on International Relations and Dr. Carlyle Corbin recently spoke on key issues affecting the Territory, addressing public concerns about currency use and national security.
During a session moderated by Claude Skelton, they were asked whether the U.S. dollar would continue to be the main currency if the political status of the BVI were to change.
Wheatley clarified the Territory’s position, noting that dollarization has nothing to do with political status.
Concerns were also raised about who would protect the Territory should the United Kingdom no longer provide security support.
On the matter of self-policing, he emphasised that it is a process that will continue to require legal framework and strengthening of institutions.