Foreign Currency Usage Limits on Credit Cards

[pugboy]

once they get they kfc and unlimited ketchup they good plus the odd hennessy

Blow by blow....
The masses would not take this lightly.

PNM people are very happy and contented throughout this entire forex issue which has been happening for years and not a dog dare bark at their master

Because they studying grant, hdc and fete. You really think they understand what forex is?

[hover11]

The biggest distraction coming in a matter of months they will be too busy studying to whine and jam

once they get they kfc and unlimited ketchup they good plus the odd hennessy

Blow by blow....
The masses would not take this lightly.

PNM people are very happy and contented throughout this entire forex issue which has been happening for years and not a dog dare bark at their master

Because they studying grant, hdc and fete. You really think they understand what forex is?

[sMASH]

Austerity measures with out the proclamation

[pugboy]

impsbert too arrogant to admit that
esp in election year

Austerity measures with out the proclamation

[hover11]

I love how passive trinis are when it comes to the actions of PNM, we will grumble about forex issue but shout to the top of your lungs if we not getting service in a public hospital or government ministry

[pugboy]

the loudest voices were heard when kfc wanted to crack down on ketchup

I love how passive trinis are when it comes to the actions of PNM, we will grumble about forex issue but shout to the top of your lungs if we not getting service in a public hospital or government ministry

[st7]

I love how passive trinis are when it comes to the actions of PNM, we will grumble about forex issue but shout to the top of your lungs if we not getting service in a public hospital or government ministry

just a question Philip, what are you ACTIVELY doing?

[hover11]

Stupid country filled with stupid ppl , the banks will continue to react to the mismanagement of the economy as the banks are profit driven and when it rech only 100 US a week. I want to see what trinis will do?

the loudest voices were heard when kfc wanted to crack down on ketchup

I love how passive trinis are when it comes to the actions of PNM, we will grumble about forex issue but shout to the top of your lungs if we not getting service in a public hospital or government ministry

[hover11]

I love how passive trinis are when it comes to the actions of PNM, we will grumble about forex issue but shout to the top of your lungs if we not getting service in a public hospital or government ministry

just a question Philip, what are you ACTIVELY doing?

Right now is a holiday so I have the day off , I actively relaxing you don't mind I could be on my phone as I not on the ppl wuk on my phone.

[st7]

lol ... ya, still the same way... complain about other people who do the same thing you do

carry on

[hover11]

Allya just remember this not affecting Massy, Pricesmart, Ansa, Prestige holdings, Global Brands. I wonder why.....

[paid_influencer]

Allya just remember this not affecting Massy, Pricesmart, Ansa, Prestige holdings, Global Brands. I wonder why.....

because those companies are the backbone of our "economy"

[VexXx Dogg]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

[hover11]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

Vexx question,


Are certain businesses high priority do we truly need fireworks every year? Do we need another fast food franchise here? All these franchises have to be paid royalties in US. My thing is if the small man hadda feel the paid why big businesses not feeling any pain? Why the small man always disadvantaged, only the small man cries fall on deaf ears. Why are food importers begging for US to feed the population but Massy have no issues and is business like normal. I not attacking you I just find that only one side feeling the pain while the next half continue to live life in london

Or is this another animal farm moment?

[pugboy]

is there a listing of various banks and their card limits for regular folks?
scotia presently $3k going to $2k
republic is presently $5k i think

[hover11]

Aren't all the banks intertwined though, that's normally how oligopolies work. Scotiabank wouldn't shoot themselves in the foot like this unless the other banks plan to follow suit very shortly

is there a listing of various banks and their card limits for regular folks?
scotia presently $3k going to $2k
republic is presently $5k i think

[pugboy]

i could be wrong but scotia is smaller business wise
republic might be largest

Aren't all the banks intertwined though, that's normally how oligopolies work. Scotiabank wouldn't shoot themselves in the foot like this unless the other banks plan to follow suit very shortly

is there a listing of various banks and their card limits for regular folks?
scotia presently $3k going to $2k
republic is presently $5k i think

[AlphaMan]

Quick question.
Can you stick your FCB,RBC,RBL,JMMB DEBIT cards in a foreign ATM (USA or Europe) and withdraw the respective currency provided you have ttd in the account?

[VexXx Dogg]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

Vexx question,


Are certain businesses high priority do we truly need fireworks every year? Do we need another fast food franchise here? All these franchises have to be paid royalties in US. My thing is if the small man hadda feel the paid why big businesses not feeling any pain? Why the small man always disadvantaged, only the small man cries fall on deaf ears. Why are food importers begging for US to feed the population but Massy have no issues and is business like normal. I not attacking you I just find that only one side feeling the pain while the next half continue to live life in london

Or is this another animal farm moment?

I’m with you on the fireworks. There should be allocation based on priority that is publicly known.

So yes, the current situation is the pigs in the room sending boxer(us) off to the farm. How can we fix it? Please doh quote the PEA catchphrase

[hover11]

You are right Republic Bank has the most business customers but they wouldn't stand that forex loss , think about it if Scotia customers jump ship then that's more strain on republic to offer more forex.

i could be wrong but scotia is smaller business wise
republic might be largest

Aren't all the banks intertwined though, that's normally how oligopolies work. Scotiabank wouldn't shoot themselves in the foot like this unless the other banks plan to follow suit very shortly

is there a listing of various banks and their card limits for regular folks?
scotia presently $3k going to $2k
republic is presently $5k i think

[paid_influencer]

is there a listing of various banks and their card limits for regular folks?
scotia presently $3k going to $2k
republic is presently $5k i think

maybe this is just by me, but the upper middle class do not represent "regular" folks

regular folks don't have credit cards. they have linx or cash under the mattress

if they lucky a credit card with a $500 USD limit.

i lol that $500 limit card I have actually becoming not that low now, because other ppl limit getting lower but mine not changing

[hover11]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

Vexx question,


Are certain businesses high priority do we truly need fireworks every year? Do we need another fast food franchise here? All these franchises have to be paid royalties in US. My thing is if the small man hadda feel the paid why big businesses not feeling any pain? Why the small man always disadvantaged, only the small man cries fall on deaf ears. Why are food importers begging for US to feed the population but Massy have no issues and is business like normal. I not attacking you I just find that only one side feeling the pain while the next half continue to live life in london

Or is this another animal farm moment?

I’m with you on the fireworks. There should be allocation based on priority that is publicly known.

So yes, the current situation is the pigs in the room sending boxer(us) off to the farm. How can we fix it? Please doh quote the PEA catchphrase

Why nobody calling for Imbert to be removed or resign as finance minister, he has been and continues to show terrible performance in his position. Just like how everybody want hinds to go as Minister of nat sec nobody calling for imbert to hit the road

[Dave]

Allya just remember this not affecting Massy, Pricesmart, Ansa, Prestige holdings, Global Brands. I wonder why.....

They are foreign exchange earners

[pugboy]

pricesmart is a forex earner?

[st7]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

Vexx question,


Are certain businesses high priority do we truly need fireworks every year? Do we need another fast food franchise here? All these franchises have to be paid royalties in US. My thing is if the small man hadda feel the paid why big businesses not feeling any pain? Why the small man always disadvantaged, only the small man cries fall on deaf ears. Why are food importers begging for US to feed the population but Massy have no issues and is business like normal. I not attacking you I just find that only one side feeling the pain while the next half continue to live life in london

Or is this another animal farm moment?

I’m with you on the fireworks. There should be allocation based on priority that is publicly known.

So yes, the current situation is the pigs in the room sending boxer(us) off to the farm. How can we fix it? Please doh quote the PEA catchphrase

Why nobody calling for Imbert to be removed or resign as finance minister, he has been and continues to show terrible performance in his position. Just like how everybody want hinds to go as Minister of nat sec nobody calling for imbert to hit the road

we waiting on you

[hover11]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

Vexx question,


Are certain businesses high priority do we truly need fireworks every year? Do we need another fast food franchise here? All these franchises have to be paid royalties in US. My thing is if the small man hadda feel the paid why big businesses not feeling any pain? Why the small man always disadvantaged, only the small man cries fall on deaf ears. Why are food importers begging for US to feed the population but Massy have no issues and is business like normal. I not attacking you I just find that only one side feeling the pain while the next half continue to live life in london

Or is this another animal farm moment?

I’m with you on the fireworks. There should be allocation based on priority that is publicly known.

So yes, the current situation is the pigs in the room sending boxer(us) off to the farm. How can we fix it? Please doh quote the PEA catchphrase

Why nobody calling for Imbert to be removed or resign as finance minister, he has been and continues to show terrible performance in his position. Just like how everybody want hinds to go as Minister of nat sec nobody calling for imbert to hit the road

we waiting on you

well i waiting for the loud mouths that had the most noise to make about condiments and waiting too long when in government offices they rather quiet when it comes to this.

[VexXx Dogg]

pricesmart is a forex earner?

They employ many people and pay big tax so likely racking up points to move economy along

[Dizzy28]

pricesmart is a forex earner?

Not net. But they do take some local products for thier stores In other countries so do help exports however small.

[Dizzy28]

If y’all understand how forex works, what is your proposed solution to the issue at hand?

Here’s my simple take. Correct me if I’m wrong.


Forex comes from exports, and we have less coming in because oil and gas on its deathbed.
Other sectors can’t fill the gap.

There is increasing consumer demand and reduced supply.

The banks are prioritizing businesses because they also contribute to the economy through employment and taxes etc.

Joe Public who want more usd is primarily for personal spending or maybe buy/sell business that may be off the books- not necessarily a moving gearbox in the economy - more like a solitary wheel.

In the macro view, doesn’t it make sense to give priority to the businesses that churn the economy?

And Jeez Louise with cheese, please doh jump out and bawl I against the everyday man, I consume usd too for personal purchases so it impact me as well.

And I haven’t even touched on the usd hoarders who just take usd and stockpile in foreign banks.

Let’s go back to the start.


What is the solution?

The only real solution is a true open market for forex. Let demand and supply handle the price.

However not getting USD in amounts you want now might be less painful than getting all you want at 10-1.

[hover11]

Pricesmart was also number 1 on the list for largest Forex user in thus country based on Jwala's findings but what does he know he was just the central bank governor fired for speaking out