Moderator: 3ne2nr Mods
-Roach- wrote:Ah have $400 US to change how much ah go get...
bluesclues wrote:May have just thought up a simple policy change in the way we do business with international investors that could plug the hole in the bucket and increase ttd value vs the usd in one shot...(over time). Will be stress testing it with butterfly associations.
I had to do this cuz allyuh real stick on my multibillion dollar usd extraction plan. And well not sure such an opportunity will be around in 4 years.
Miktay wrote:Well yes...bluescluess and hiz nebulous multimillion dollar schemes...
bluesclues wrote:Miktay wrote:Well yes...bluescluess and hiz nebulous multimillion dollar schemes...
Its too bad allyuh dont know me because if u did ud never doubt me.
bluesclues wrote:Miktay wrote:Well yes...bluescluess and hiz nebulous multimillion dollar schemes...
Its too bad allyuh dont know me because if u did ud never doubt me.
Redman wrote:We getting half the USD per barrel for oil /gas
Meanwhile people more likely to be hoarding or just being proactive in terms of getting USD-off the book trans up to 8 to one-and for small amounts.
Demand will outstrip supply until things settle down.
The last govt just spent too much -we have now adjust from a much higher level of expenditure.
No other way to shake it.
DTAC wrote:Around $8.50 for large amounts like in the thousands.
Babwah: Why target cars Colm?
Visham Babwah, president of TT Automotive Dealers Association
TT Automotive Dealers Association president Visham Babwah is calling on Finance Minister Colm Imbert to clarify his statement that the importation of cars was the largest consumer of foreign exchange. He said Imbert had to identify whether this was new car dealers or the foreign used sector.
At last Friday’s parliamentary sitting, Imbert said US$3 billion in foreign exchange was spent in credit card purchases over the last three years with one of the largest consumers of foreign exchange being the importation of motor cars.
However, Babwah said credit card use had become widespread because of the inability to access forex through the local banking system.
“So people have turned to use their credit cards which is having an impact to on the prices because of the credit card charges that would apply,’ he said.
“And the issue about the automotive sector being the largest consumers of foreign exchange, what ministers must say when they make this type of statement, they must categorise it because once you talk about forex and the automotive industry, people immediately think about the foreign used cars. The Minister of Trade in 2016 had said this was where the leakage of forex was and it was wrong and misleading and it is still misleading,” he said.
Babwah said Government had an obligation to tell the country how much forex was allocated to the various new car dealers, as well to the foreign used sector, so there would be a better understanding of which sector was using significantly more than the others.
Imbert yesterday restated that credit card purchases over the last three years used up 23 per cent of the foreign exchange available in the entire banking system. He also said the amount of foreign exchange used to make credit cards purchases in 2017 was US$1.2 billion, out of a total of US$5.2 billion in foreign exchange in the banking system last year.
11 Hrs Ago
Richardson Dhalai
Dear Unitholder,
As access to foreign exchange continues to be a challenge, the UTC has taken a decision to limit the usage of the TT$ Income Fund Visa Card to domestic use only, effective 31st January, 2018.
Alternatively, you can open a US$ Income Fund account and apply for the US$ Income Fund Visa Debit Card which can be used for international transactions with daily withdrawal and Point of Sale services.
car wrote:hydroep wrote:Colon-In-Butt looks like he's laying the groundwork to further limit US$ transactions via CC:
He coming with a 2% tax on all cc transactions.
Just like Barbados.
Nar.
More like 4%.
Miktay wrote:bluesclues wrote:Miktay wrote:Well yes...bluescluess and hiz nebulous multimillion dollar schemes...
Its too bad allyuh dont know me because if u did ud never doubt me.
Yea...2 bad.
Yawn...
EFFECTIC DESIGNS wrote:Miktay wrote:bluesclues wrote:Miktay wrote:Well yes...bluescluess and hiz nebulous multimillion dollar schemes...
Its too bad allyuh dont know me because if u did ud never doubt me.
Yea...2 bad.
Yawn...
I think bluesclues has been right so far about all the stuff he predicted, yes?
Skanky wrote:Where would you get the best rates for selling your USD at the moment.? Preferably a brick and mortar business.
Skanky wrote:Where would you get the best rates for selling your USD at the moment.? Preferably a brick and mortar business.
The_Honourable wrote:Skanky wrote:Where would you get the best rates for selling your USD at the moment.? Preferably a brick and mortar business.
They would be mostly governed by Central Bank rate which is hovering around $6.75.
If yuh have US, check meh! Ah need some!
Return to “Ole talk and more Ole talk”
Users browsing this forum: No registered users and 115 guests