Foreign Currency Usage Limits on Credit Cards

[hover11]

Ppl who receive pensions abroad , the forex situation is affecting them as well. The banks don't have the US to send out , pensioners are advised to open local bank accounts. Note well.

[Animal Pak]

I have a stupid question.

So I expect a stupid answer.

If everything we buy is basically in usd.

And everything we sell is in usd.

Can we not throw away the ttd and just adopt the usd as our currency?

Even if we go to the ec, at least we can function along with the rest of the Caribbean.

I am not a finance person, so I don't know anything.

[hover11]

I have a stupid question.

So I expect a stupid answer.

If everything we buy is basically in usd.

And everything we sell is in usd.

Can we not throw away the ttd and just adopt the usd as our currency?

Even if we go to the ec, at least we can function along with the rest of the Caribbean.

I am not a finance person, so I don't know anything.

I understand where you coming from, however the question remains where we getting the US to pay ppl, do you have US to pay for your everyday expenses? Don't forget another issue we have is the hoarding of US by individuals and businesses.

My thing is Trinidad Government doing shite but on top of it what is CARICOM doing , we supposed to have one single currency which would have held value to do away with the TTD but again that was probably just a pie in the sky dream

[pugboy]

a common currency for a wide range of countries could never work simply because of the same imbalances
some countries will earn more forex whilst others opposite

[hover11]

I understand so why make that part of their agreement just BSing everybody yes

The whole point of CSME is one single market economy

a common currency for a wide range of countries could never work simply because of the same imbalances
some countries will earn more forex whilst others opposite

[pugboy]

caricom is just a talk shop
no diff than the corner rum shop
place where gonsalves and them small islanders come to talk big and loud

I understand so why make that part of their agreement just BSing everybody yes

The whole point of CSME is one single market economy

a common currency for a wide range of countries could never work simply because of the same imbalances
some countries will earn more forex whilst others opposite

[hover11]

Well that was our last hope,the TT $ is on the verge of being devalued. Even Stevie Wonder can see this

caricom is just a talk shop
no diff than the corner rum shop
place where gonsalves and them small islanders come to talk big and loud

I understand so why make that part of their agreement just BSing everybody yes

The whole point of CSME is one single market economy

a common currency for a wide range of countries could never work simply because of the same imbalances
some countries will earn more forex whilst others opposite

[pugboy]

it’s an election year
lewwe see what he does

[zoom rader]

caricom is just a talk shop
no diff than the corner rum shop
place where gonsalves and them small islanders come to talk big and loud

I understand so why make that part of their agreement just BSing everybody yes

The whole point of CSME is one single market economy

a common currency for a wide range of countries could never work simply because of the same imbalances
some countries will earn more forex whilst others opposite

Caricom only serves African tribes.

All of Caricom especially St Vincent & Grenada is PNM voting bank, a bunch of misfits

[st7]

i understand that it's okay to vent and complain, but it seems there are a lot of 'experts' in this ched, and the wider sub-forum.

but everyone here is just repeating the same thing and just adding their 'expert opinion', while doing nothing in real life. allyuh calling for changes but only doing so from behind a keyboard. allyuh expecting other people to do it for allyuh instead. allyuh also blame other people for where we at now.

this is why allyuh is only frothers because you expecting someone else to wipe away the white foam from allyuh mouths. all the 'experts' in here, keep being the hypocrites you are and expect change while doing nothing. allyuh is part of the reason the country is this way but keep blaming others.

this is tuner - full of hypocritical keyboard warriors.

[adnj]

^^ while planning Black Friday import purchases
LOLOL!

[pugboy]

hehe
order early to avoid the skybox traffic jam

[st7]

i see bestbuy and them start sales since last week.

[goalpost]

Can I still use my Scotia CC to withdraw money abroad? I see they specifically say Visa Debit cards.

[AlphaMan]

Can I still use my Scotia CC to withdraw money abroad? I see they specifically say Visa Debit cards.

Not only Scotia but what about the other banks.
Can you use 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?

[pugboy]

not all the banks have their card systems linked to international arm networks(plus etc) even if they say they do their internal may not allow
scotia def does.

[Mmoney607]

^^ while planning Black Friday import purchases
LOLOL!

It's for them to operate their very important small businesses

[AlphaMan]

What exactly is the definition of a "small business'

[Dizzy28]

What exactly is the definition of a "small business'

Not sure if your just being facetious but In Trinidad there is a standard definition for what thresholds constitutes Micro, Small and Medium businesses. This is because there are tax incentives, funding programmes etc for those businesses.

[VexXx Dogg]

What exactly is the definition of a "small business'

Not sure if your just being facetious but In Trinidad there is a standard definition for what thresholds constitutes Micro, Small and Medium businesses. This is because there are tax incentives, funding programmes etc for those businesses.


Screenshot_20241101-160646.jpg

I think it was prob a poke at the shadow economy. Buy/sell businesses that don’t pay taxes/declare income

[paid_influencer]

^ another problem Rowley can solve by going cashless

do eet rowley

do eeeet

[hover11]

What exactly is the definition of a "small business'

Not sure if your just being facetious but In Trinidad there is a standard definition for what thresholds constitutes Micro, Small and Medium businesses. This is because there are tax incentives, funding programmes etc for those businesses.


Screenshot_20241101-160646.jpg

I think it was prob a poke at the shadow economy. Buy/sell businesses that don’t pay taxes/declare income

Makes you wonder how massive the shadow economy truly is

[paid_influencer]

hover do u use cash

[VexXx Dogg]

[emoji[emoji6][emoji6]]% of the national gdp back in [emoji[emoji6][emoji6]][emoji[emoji6]].

https://publications.iadb.org/en/estima ... ean-states

Some data suggests % in [emoji[emoji6][emoji6]][emoji[emoji6][emoji6]].
[emoji[emoji6]]% back in [emoji[emoji6][emoji6]]

Trending upwards,
So don’t doubt if shadow economy near [emoji[emoji6][emoji6]] in [emoji[emoji6][emoji6]].

That’s not an insignificant amount.

[VexXx Dogg]

wtf going on with tuner and these emoji injections

[hover11]

hover do u use cash

Always, cash is king bro

[pugboy]

shadow economy is bigger than most ppl think
ever wonder where the usd the trinis who collect from venes hopping across goes?

[adnj]

Beats Studio Pro: was $349.95 now $169.99 at Amazon.

Get them while you can.

[hover11]

After a week in which concerns over the availability and distribution of foreign exchange have risen, it has emerged that the International Monetary Fund (IMF) has cautioned T&T in all of the last three Article IV consultations with the Ministry of Finance and Central Bank that T&T “maintains an exchange restriction and two multiple currency practices subject to the Fund’s approval under Article VIII, Section 2(a) and Section 3.

Read more:
https://www.guardian.co.tt/business/imf ... 43e7d0b8dc

The ImF has spoken

[paid_influencer]

^ 1% newspaper manufacturing consent for a devaluation

so it going to happen regardless who win d next election