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  • 1 year ago
The forex situation is hitting Tobago businesses hard. This, from chairman of the Tobago arm of the Trinidad and Tobago Chamber of Industry and Commerce Curtis Williams. Mr. Williams told TV6 News that the current situation has had a huge impact on doing business. More in this Elizabeth Williams report.
Transcript
00:00We have some of our members complaining bitterly.
00:03We have members who is in the technical field that have to pay subscriptions abroad for
00:08software license and other things that they need Forex to do with their credit card.
00:14And now when you reduce the limit, it becomes hard.
00:17They have to go to multiple banks and open up accounts and try to get credit cards from
00:22four different banks just to be able to meet their monthly commitment to pay these subscription
00:26fees.
00:27Mr. Williams spoke with TV6 News at his Crown Point, Tobago office.
00:32He is calling on Finance Minister Carmen Embert to do more in immediately treating with the
00:39matter.
00:40The minister did promise that Forex window through Ex-Im Bank in the last two budget
00:45speeches.
00:46We heard him mention it and it never materialized.
00:49I did get on to Ex-Im Bank and they tell me, yes, they're all waiting on the minister.
00:55So we're all waiting on the Minister of Finance to do something and do something fast as we
01:00in Tobago just suddenly slowly disappear.
01:03Meantime, he is informing the public in Tobago to brace for further increased food prices
01:08for Christmas in light of the continued protest action by port workers in Trinidad.
01:14We already have folks already eager and waiting to get their containers clear.
01:19And they said, Mr. Williams, prices are going to go up.
01:24Prices is going to go up.
01:27So let's brace for it.
01:29Elizabeth Williams, TV6 News.
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