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Currency Devaluation??? Get your USD now

this is how we do it.......

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-Roach-
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Re: Currency Devaluation??? Get your USD now

Postby -Roach- » July 14th, 2016, 1:05 pm

Ah have $400 US to change how much ah go get...

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Re: Currency Devaluation??? Get your USD now

Postby 88sins » July 14th, 2016, 3:06 pm

about TT$2440.00 if you convert it today. I wouldn't do that tho, hold onto it & if you traveling go with it, or sell it to someone that traveling directly.
yes it illegal, and no i eh business

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby *KRONIK* » July 14th, 2016, 6:17 pm

-Roach- wrote:Ah have $400 US to change how much ah go get...

I go buy at tt$6.0

Pm if interested

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Re: Currency Devaluation??? Get your USD now

Postby BRZ » July 21st, 2016, 7:33 am

PRESSURE to get foreign Exchange these days, lack of US, CANADIAN and Pounds! so is it merely a result of summer vacations or is there a more serious problem?

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Re: Currency Devaluation??? Get your USD now

Postby Redman » July 21st, 2016, 7:51 am

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.

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Re: Currency Devaluation??? Get your USD now

Postby neexis » July 22nd, 2016, 5:56 am

USD at 6.7263 today.

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Re: Currency Devaluation??? Get your USD now

Postby A172 » July 22nd, 2016, 11:09 am

lol and the irony is now is when bank calling u to take

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Re: Currency Devaluation??? Get your USD now

Postby A172 » July 25th, 2016, 11:32 am

6.7463

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Re: Currency Devaluation??? Get your USD now

Postby bluesclues » July 25th, 2016, 3:55 pm

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.

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Re: Currency Devaluation??? Get your USD now

Postby supercharged turbo » July 25th, 2016, 4:01 pm

Blues yes[FACE WITH TEARS OF JOY]

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Re: Currency Devaluation??? Get your USD now

Postby X2 » August 4th, 2016, 4:55 am

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.



In 4 years you not gonna be able to get cheese in the grocery son... I hope all ya'll have some goats or something.

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Re: Currency Devaluation??? Get your USD now

Postby Miktay » August 4th, 2016, 11:56 pm

Well yes...bluescluess and hiz nebulous multimillion dollar schemes...

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby bluesclues » August 5th, 2016, 6:23 am

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.

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby Miktay » August 5th, 2016, 7:22 am

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...

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby eliteauto » August 5th, 2016, 8:40 am

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.


Colm Imbert?

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Re: Currency Devaluation??? Get your USD now

Postby De Dragon » August 5th, 2016, 9:13 am

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.

Horsesheit, if this new Government, heck any Government wanted to, they could very well spend less, however this would lead to loss of popularity and re-election, so none of them have the stones to so do.

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Re: Currency Devaluation??? Get your USD now

Postby The_Honourable » May 28th, 2017, 10:39 pm

What is the rate of US Currency on the black market now? I believe last year it was around $7.50?

Cambio at the airport is around $8.30?

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Re: Currency Devaluation??? Get your USD now

Postby DTAC » May 28th, 2017, 11:21 pm

Around $8.50 for large amounts like in the thousands.

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Re: Currency Devaluation??? Get your USD now

Postby The_Honourable » May 29th, 2017, 10:35 am

DTAC wrote:Around $8.50 for large amounts like in the thousands.


8.50... :shock:

damn...

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Re: Currency Devaluation??? Get your USD now

Postby xtech » May 29th, 2017, 9:20 pm

Immediately after World War II ended, a new phrase entered the economic lexicon: “dollar shortage.” European economies were coping with extensive war-related damage and a broad array of impediments to their efforts to rebuild their industrial base. At the time, the United States was the only provider of capital equipment for reconstruction. So, without access to US dollars, Europe’s economies could not obtain the inputs needed to increase their exports.

With limited, if any, hard-currency (US dollar or gold) reserves on hand, and little prospect for acquiring dollars through export earnings, European economies attempted to shrink their current-account deficits by compressing imports from other (mostly) European countries. The expectation was that import compression would permit them to accumulate sufficient dollars to purchase capital imports from the US.

But, because numerous countries employed the same tactics in an environment in which a broad array of capital controls was in place and official exchange rates were pegged to the US dollar, a parallel currency market flourished. The black market’s premium (relative to the official exchange rate) in most European countries (and in Japan) skyrocketed through the early 1950s, reaching levels that we now tend to associate with “unstable” emerging markets.

Today, seven decades later, despite the broad global trend toward more flexibility in exchange-rate policy and freer movement of capital across national borders, a “dollar shortage” has reemerged. Indeed, in many developing countries, the only thriving market for the past two years or so has been the black market for foreign exchange. Parallel currency markets, mostly for dollars, are back.

This time, the source of the dollar shortage is not the need for post-conflict reconstruction (though in some cases that is also a contributing factor). Rather, countries in Africa, the Middle East, Central Asia, and Latin America – most notably Venezuela – have been hit very hard by plunging oil and commodity prices since 2012.

After a long and spectacular “bonanza” in commodity prices since the early 2000s, driven largely by China’s investment boom, many commodity exporters found themselves with historically high levels of foreign-exchange reserves. These war chests were kept mainly in dollar assets, especially US Treasury securities. During the bonanza years, avoiding or leaning against currency appreciation was probably the major challenge that many central banks faced. In that heady environment, some countries went further and adopted (once again) a policy of pegging their currency to the dollar.

For countries that had embraced more flexible exchange rates – Russia, Brazil, and Colombia, among many others – the initial reversal of oil and primary commodity prices ushered in a wave of currency crashes, while those that maintained more rigid exchange-rate arrangements experienced rapid reserve losses. Because the price slump has persisted, by 2015 capital controls were being tightened and currency pegs were being adjusted or abandoned. Fining, threatening, or even jailing informal currency traders have not been particularly successful.

The dollar shortage has become acute in countries like Egypt, Nigeria, Iran, Angola, Uzbekistan, and South Sudan, among many others. In Myanmar, where exchange rates were unified in 2012, the parallel market for dollars has been reinvigorated. The phenomenon is far more widespread, complex, and varied – but it is useful to focus on the more extreme cases.

A search of news articles from 2000 to 2016 in which the terms “dollar shortage,” “black market,” or “parallel markets” for foreign exchange appeared (shown in the chart, along with an all-commodity price index), indicates that dollar shortage concerns escalated in 2008, amid the global financial crisis. The increase since 2014, however, has been more persistent.

Parallel Worlds Image: Project Syndicate
Floating the exchange rate has not altogether eliminated the parallel-market premium in countries such as Nigeria, as de facto dollar rationing is still pervasive. In the meantime, depreciation or devaluation (which has been even more dramatic in the black market) will not boost exports much, because a single or handful of commodities – prices for which remain depressed – dominate these countries’ tradable sectors, while public and private debts are denominated in US dollars.

Of far greater urgency is that dollar shortages have become food shortages in countries such as Egypt and Venezuela, as well as much of Sub-Saharan Africa, which rely heavily on food imports. Given import compression, the resulting scarcities, and skyrocketing black-market prices, the most vulnerable segments of the population have been left at real risk.

The Marshall Plan, through its generous provision of grants, was designed to relieve the dollar shortage in post-war Europe. No modern-day equivalent is visible on the horizon. In the current setting, it is more plausible to expect a variant of the 1980s, with more emerging and developing countries seeking IMF programs. This, perhaps, may be an opportunity for China to fill a void at the top.

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Re: Currency Devaluation??? Get your USD now

Postby hydroep » January 28th, 2018, 9:41 am

Colon-In-Butt looks like he's laying the groundwork to further limit US$ transactions via CC:

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


http://newsday.co.tt/2018/01/27/babwah-why-target-cars-colm/

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Re: Currency Devaluation??? Get your USD now

Postby paid_influencer » January 28th, 2018, 3:12 pm

^There is no groundwork to lay. US$ credit card limits are already in place and the banks can adjust them at any time for any reason without regulation.

I get an email from Unit Trust last week.

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.


So you can have how ever much hundred thousand TTD in your account, yuh cyar buy a sht in Miami once you come off the plane.

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Re: Currency Devaluation??? Get your USD now

Postby car » January 28th, 2018, 7:13 pm

[quote="hydroep"]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%.

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Re: Currency Devaluation??? Get your USD now

Postby paid_influencer » January 28th, 2018, 8:12 pm

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%.


i wouldn't mind a 4% tax. The current situation is that many banks are imposing ridiculously low USD limits or worse yet, outright stopping your cards from being used outside of T&T.

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby EFFECTIC DESIGNS » January 29th, 2018, 6:30 am

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?

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Re: Currency Devaluation??? Get your USD now

Postby Skanky » January 29th, 2018, 7:05 am

Where would you get the best rates for selling your USD at the moment.? Preferably a brick and mortar business.

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Re: RE: Re: Currency Devaluation??? Get your USD now

Postby Miktay » January 29th, 2018, 7:53 am

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?


That bitcoin iza bubble?

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Re: Currency Devaluation??? Get your USD now

Postby The_Honourable » January 29th, 2018, 10:44 am

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!

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Re: Currency Devaluation??? Get your USD now

Postby death365 » January 29th, 2018, 1:53 pm

most chinese food and grocery giving 7.5 - 8 per Usd
Skanky wrote:Where would you get the best rates for selling your USD at the moment.? Preferably a brick and mortar business.

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Re: Currency Devaluation??? Get your USD now

Postby Chimera » January 29th, 2018, 1:59 pm

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!



i think mode alive paying $8

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