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paid_influencer wrote:
somehow technical difficulties occurred during Kamla's keynote speech at Divali Nagar
no other part of the program had technical difficulties. NCIC denies any issues on their end
great is the pnm
sMASH wrote:paid_influencer wrote:464694404_878275597769341_6480055195457435832_n.jpg
somehow technical difficulties occurred during Kamla's keynote speech at Divali Nagar
no other part of the program had technical difficulties. NCIC denies any issues on their end
great is the pnm
On tuner we have more bigger biased racist likepaid_influencer wrote:they say the computer reboot automatically jusso as soon as kamla reach on the stage
paid_influencer wrote:they say the computer reboot automatically jusso as soon as kamla reach on the stage
hover11 wrote:Ramsaran asking stupid questions yes just look around and you will get your answer but hey at least we have the latest corolla and Chipotle comingFB_IMG_1730202846561.jpg
hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
This is my thing why aren't trinis asking this question and demanding answers we just sitting down and taking it88sins wrote:hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
Especially when considering that our economy is based on a commodity that's traded in USD on the global market, and some people getting forex to buy personal luxury vehicles on a whim while others ketchin dey rassclat to buy goods for business to keep the economy moving.
Begs the question
Do we have an actual short supply of forex, or is it that leprechaun boy up to his usual gimmickry?
hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
There are various allowances and exemptions which are published in Exchange Control Circulars. For example, there is an annual travel allowance of BBD $20,000 for individuals. For business travel, the annual allowance is BBD $60,000 determined at a rate of BBD $1,000 for each day of required overseas travel. For example, if a business traveller needs to go overseas for 30 days, their commercial bank will be permitted to release foreign exchange of BBD $30,000 without reference to the Central Bank.
Most commercial banks in Barbados that issue Visa / Mastercard credit or debit cards which support foreign currency purchases automatically make available the personal travel allowance to allow customers to make foreign currency purchases at home and abroad.
OK....so I seeing regulation here now I going to compare 1000 bd is $2653.77 US as compared to our local banks which currently offer 500 US max per day , if you luckyDizzy28 wrote:hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
We are not
Barbados literally has forex controls for everyoneThere are various allowances and exemptions which are published in Exchange Control Circulars. For example, there is an annual travel allowance of BBD $20,000 for individuals. For business travel, the annual allowance is BBD $60,000 determined at a rate of BBD $1,000 for each day of required overseas travel. For example, if a business traveller needs to go overseas for 30 days, their commercial bank will be permitted to release foreign exchange of BBD $30,000 without reference to the Central Bank.
Most commercial banks in Barbados that issue Visa / Mastercard credit or debit cards which support foreign currency purchases automatically make available the personal travel allowance to allow customers to make foreign currency purchases at home and abroad.
https://barbadosdigital.com/references/ ... n-barbados
hover11 wrote:OK....so I seeing regulation here now I going to compare 1000 bd is $2653.77 US as compared to our local banks which currently offer 500 US max per day , if you luckyDizzy28 wrote:hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
We are not
Barbados literally has forex controls for everyoneThere are various allowances and exemptions which are published in Exchange Control Circulars. For example, there is an annual travel allowance of BBD $20,000 for individuals. For business travel, the annual allowance is BBD $60,000 determined at a rate of BBD $1,000 for each day of required overseas travel. For example, if a business traveller needs to go overseas for 30 days, their commercial bank will be permitted to release foreign exchange of BBD $30,000 without reference to the Central Bank.
Most commercial banks in Barbados that issue Visa / Mastercard credit or debit cards which support foreign currency purchases automatically make available the personal travel allowance to allow customers to make foreign currency purchases at home and abroad.
https://barbadosdigital.com/references/ ... n-barbados
Dizzy28 wrote:hover11 wrote:OK....so I seeing regulation here now I going to compare 1000 bd is $2653.77 US as compared to our local banks which currently offer 500 US max per day , if you luckyDizzy28 wrote:hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
We are not
Barbados literally has forex controls for everyoneThere are various allowances and exemptions which are published in Exchange Control Circulars. For example, there is an annual travel allowance of BBD $20,000 for individuals. For business travel, the annual allowance is BBD $60,000 determined at a rate of BBD $1,000 for each day of required overseas travel. For example, if a business traveller needs to go overseas for 30 days, their commercial bank will be permitted to release foreign exchange of BBD $30,000 without reference to the Central Bank.
Most commercial banks in Barbados that issue Visa / Mastercard credit or debit cards which support foreign currency purchases automatically make available the personal travel allowance to allow customers to make foreign currency purchases at home and abroad.
https://barbadosdigital.com/references/ ... n-barbados
For individuals the Annual Limit on Forex is $20,000 Bajan dollars or approx USD10k. This limit is tied to your personal credit card as well.
Compare that to TT where you can have limits anywhere between US$3-5k monthly (dependent on Bank) and still buy forex even if its likely to be USD200/day you getting.
How is this facts, you comparing trinidad one of the richest Caribbean countries to barbados who has been under imf for years yet still has a stronger dollar than us to this very day. Again I ask what other Caribbean country other than barbados has this forex issue?j.o.e wrote:Dizzy28 wrote:hover11 wrote:OK....so I seeing regulation here now I going to compare 1000 bd is $2653.77 US as compared to our local banks which currently offer 500 US max per day , if you luckyDizzy28 wrote:hover11 wrote:Why is Trinidad and Tobago the only Caribbean country facing this forex issue?
We are not
Barbados literally has forex controls for everyoneThere are various allowances and exemptions which are published in Exchange Control Circulars. For example, there is an annual travel allowance of BBD $20,000 for individuals. For business travel, the annual allowance is BBD $60,000 determined at a rate of BBD $1,000 for each day of required overseas travel. For example, if a business traveller needs to go overseas for 30 days, their commercial bank will be permitted to release foreign exchange of BBD $30,000 without reference to the Central Bank.
Most commercial banks in Barbados that issue Visa / Mastercard credit or debit cards which support foreign currency purchases automatically make available the personal travel allowance to allow customers to make foreign currency purchases at home and abroad.
https://barbadosdigital.com/references/ ... n-barbados
For individuals the Annual Limit on Forex is $20,000 Bajan dollars or approx USD10k. This limit is tied to your personal credit card as well.
Compare that to TT where you can have limits anywhere between US$3-5k monthly (dependent on Bank) and still buy forex even if its likely to be USD200/day you getting.
Stop talking facts in here bai. This is tuner
PNM logic is comparing apples with oranges and running with itpaid_influencer wrote:I think it is silly to compare our situation with Barbados.
Barbados has a centrally-planned foreign exchange system. There is no "shortage" because it was never a freely traded commodity - foreign exchange doesn't run out so much as the buyer runs into policy restrictions that presumably have technocratic reasons behind them.
Over here, we have no policy (so we have "shortages"). The government gives to commercial banks who in turn give based on their own profit interest. Our forex distribution system is cronyism cosplaying as an open market.
So idk what use the comparison really serves.
Up to now central bank cannot account for such the money just disappears like magicsMASH wrote:Ent the other day the regional economist said that forex enters the local monetary system , is withdrawn from what ever accounts , and does not show up in any transactions ...
The forex just disappears.
Wonder if it have any connection to the suit case factory they open down pt lisas...
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