The problem is a the big businesses in trinidad want to the government to devalue the dollar but the government is not doing it so the big businesses are hoarding US the force the government
@@LabiBradleyC Years ago I worked with a company that did business in TnT. The clients would complain that they had to send their employees out to all the banks to everyday to get the $200 that they were allowed to buy daily. But that is inefficient for staff that shoud be working but instead they are in the lines at the banks.
Being a citizen of Trinidad the forex issue was created by our very poor and greedy government, why would a country tax private properties and not commercial ones? Why does our government get away with all the billions of dollars they swindled? And the forex issue was created to stifle upcoming and middle class business owners while the 1% government financiers get all the USD to stock their businesses
The only booming business in T&T and elsewhere is , sadly , crime . Jamaica sits between two failed states , Cuba and Haiti and one bright economic light , DR . Hope we choose wisely ….
A very enlightening discussion, thank you. I am no monetary expert so I'm not sure how a country would begin to solve a foreign exchange problem. Where would Trinidad and Tobago, Jamaica and other Caribbean countries fall on the so called"De-dollarization" push. Wouldn't it be beneficial to not be hamstrung to the US dollar. Let's say a majority of countries agree to use a unit of currency that is not the US dollar to transact with each other, wouldn't that help? Would a international digital currency help?. Say a country has 100 business that source inputs on the international market in US dollars and there is a policy to increase SMEs in the country but these businesses need US dollars to purchase and import inputs. So the US dollar acts as a barrier to growth. How can we solve the dependency on US dollars.
The international monotorioum money , it is to assort there money how do the developers , what are they doing but grater the majority an no room on a pro project training, I'm non an void a total should off bin 42 years tresun on the same lettering who's bigger,
I feel so proud of Jamaica right now. Never imagined that I would hear the economy of Jamaica being used as a standard for others to use.
yuh joking?
Can remember as a kid.. JA Dollar was $1 ja for $2 us..
@richardbiggs5791 these Jamaican politicians are dumb and corrupt.
@@akobenlol
I am not bringing my US dollars in TnT, I keep it in a us bank account because my money will be held hostage.
This lady is very knowledgeable.
The foreign exchange crisis in Trinidad sounds exactly like what Jamaica experienced in the 70's and 80's!!!
The problem is a the big businesses in trinidad want to the government to devalue the dollar but the government is not doing it so the big businesses are hoarding US the force the government
Trinidad has been in a forex crisis close to 10 years now
True
What is the reason for that situation, you think?
@@raya472 The economist explained that they're forex sources are drying up and they're not making a good effort to adjust.
It's getting increasingly worse as the years pass on.
@@LabiBradleyC Years ago I worked with a company that did business in TnT. The clients would complain that they had to send their employees out to all the banks to everyday to get the $200 that they were allowed to buy daily. But that is inefficient for staff that shoud be working but instead they are in the lines at the banks.
28:00 a great reply to the usual mercantilist talking point about exports as a solution to forex shortage. the problem is government, full stop.
I am from trinidad. Its all political
Being a citizen of Trinidad the forex issue was created by our very poor and greedy government, why would a country tax private properties and not commercial ones? Why does our government get away with all the billions of dollars they swindled? And the forex issue was created to stifle upcoming and middle class business owners while the 1% government financiers get all the USD to stock their businesses
Now I Understand. Thank You From 🇻🇨
The only booming business in T&T and elsewhere is , sadly , crime .
Jamaica sits between two failed states , Cuba and Haiti and one bright economic light , DR . Hope we choose wisely ….
Independent BOJ thank goodness.
This was very informative.
WE ARE ON A COLLISION COURSE
So what are the long term and short term solutions?
Remember to ask persons to cite their sources. Where’s the data?
She can just boldly state reserves would be zero and we’re here, believing?
A very enlightening discussion, thank you. I am no monetary expert so I'm not sure how a country would begin to solve a foreign exchange problem. Where would Trinidad and Tobago, Jamaica and other Caribbean countries fall on the so called"De-dollarization" push. Wouldn't it be beneficial to not be hamstrung to the US dollar. Let's say a majority of countries agree to use a unit of currency that is not the US dollar to transact with each other, wouldn't that help? Would a international digital currency help?. Say a country has 100 business that source inputs on the international market in US dollars and there is a policy to increase SMEs in the country but these businesses need US dollars to purchase and import inputs. So the US dollar acts as a barrier to growth. How can we solve the dependency on US dollars.
BRICS perhaps?
I'm amazed that people are losing their mind because they need more printed paper.
Under unc was the same thing
Kalilah, we know why these central banks not tryna dish out USD like that, they see the play
This started a long time ago this is nothing new
The international monotorioum money , it is to assort there money how do the developers , what are they doing but grater the majority an no room on a pro project training, I'm non an void a total should off bin 42 years tresun on the same lettering who's bigger,
Don’t mean to be rude.. But TT forex issues must be looked at from an ‘ethnic’ perspective. We need to see who gets the forex in TT.
🎉🎉🎉🎉
its like bloomberg for the caribbean
Convert all those reserve into Bitcoin
I'm buying Bitcoin from 2016 😂😂😂😂 up down I was still buying
Only politics with Marla….you need to get the other side of story….doom and gloom prophets
Only a fool would invest in Jamaica after what you guys did to the CHAMP.😡
People make money good from stock market in Jamaica. Also not every investment is safe some will be risky.
I am investing.... please don't invest :)
Please don’t invest here then buddy. One less loser
Panama and ecuador dollarize their economy.
Why don't they dollarize their economy.
I love your video, content, also, the Anchor! From North Carolina,
U might as well hand over your country to the US and make it a ward of the States 🤷♂️