Why would the Federal Reserve Bank do a currency swap with the Central Bank of the Bahamas?
The Bahamian dollar is non-convertible.There is no demand for Bahamian dollars outside of the Bahamas.
I learned that when I visited Cuba,the Dominican Republic and the Turks and Caicos.In TCI,the us dollar was accepted as legal tender.In the other two countries it was converted into pesos.But not the bahamian dollars I had.
Tiger B,this version of the FNM did not want Ellison Greenslade to remain as commissioner of police.They amended the police act so he could retire after 38 years with his full pension.They also made him high commissioner.Rt.Hon Hubert Ingraham explained that in an interview with a journalist.They frustrated Samuel Evans into retirement.All those political parties by their games are doing is politicizing the civil service and armed forces.
What you saying is wrong.Those officers have not been fired,they have been reassigned.To discipline or fire those men, a special committee appointed by the governor general has to do that.An ex-police man who is now an attorney at law explained that.He also said what powers were given to the police commissioner under the police act and the constitution.There was a reason why our British overlords did not want the police and civil service politicized.But since you are a rabid FNM,you cool with any foolishness done by this version of the FNM.i am not a supporter of either the PLP or FNM.
Taxes will eventually be raised in the future .If you really believe what the DPM said. I can sell you the bridge I own.It is between the Cove,Crooked Island and Lovely Bay Acklins.
The Bahamian economy is mainly tourism based.Tourism earnings is the main source of foreign exchange.The majority of our visitors come from the US which is hard hit by the COV19 pandemic.It may be very tough in this country for some time.
This promotion exercise is simply the FNM promoting their supporters.There are three ACPs who have been basically transferred out of the police force to make space for those promotions. This is just a cynical display of power.Previous prime ministers like Sir Lynden Pindling and Hubert Ingraham did it more smoothly.
Maintenance and upkeep of buildings is not a strong suit of successive governments. The condition of the embassy building reflects poorly on the country.
Obviously, you and a lot of Bahamians don't know how our system of government works.The Prime Minister is not an elected position.He or she is the leader of the party who wins the majority of seats in the parliament.An English man told me that.The Bahamas don't have political parties,they have mainly two tribes,one gold and one red.
The government should implement testing for COV19 here on New Providence.I don't how it was done, but Cayman Islands purchased 200,000 testing kits from South Korea.They plan to work up to 500 tests per day.
Some of the MP'S allowances can be used to set up food banks for the less unfortunate in their areas.Some MP's have already done this.Also they should work with NGO's and other civic groups in this matter.
Also quit making these haphazard announcements.They were made without giving much lead time.This lead to that frenzied panic shopping earlier this week.
BONEFISH says...
Why would the Federal Reserve Bank do a currency swap with the Central Bank of the Bahamas?
The Bahamian dollar is non-convertible.There is no demand for Bahamian dollars outside of the Bahamas.
I learned that when I visited Cuba,the Dominican Republic and the Turks and Caicos.In TCI,the us dollar was accepted as legal tender.In the other two countries it was converted into pesos.But not the bahamian dollars I had.
On Escape virus crisis through 'currency swap'
Posted 24 April 2020, 1:29 p.m. Suggest removal
BONEFISH says...
Gowon Bowe is an accountant.He is not a trained economist.
He will tell you that.
The editors need to check these stories before they go to print.
On Bowe criticises govt for failing to explain its policies properly
Posted 24 April 2020, 1:21 p.m. Suggest removal
BONEFISH says...
Tiger B,this version of the FNM did not want Ellison Greenslade to remain as commissioner of
police.They amended the police act so he could retire after 38 years with his full pension.They also made him high commissioner.Rt.Hon Hubert Ingraham explained that in an interview with a journalist.They frustrated Samuel Evans into retirement.All those political parties by their games are doing is politicizing the civil service and armed forces.
On Promotion of three officers defended by Dames
Posted 23 April 2020, 4:23 p.m. Suggest removal
BONEFISH says...
What you saying is wrong.Those officers have not been fired,they have been reassigned.To discipline or fire those men, a special committee appointed by the governor general has to do that.An ex-police man who is now an attorney at law explained that.He also said what powers were given to the police commissioner under the police act and the constitution.There was a reason why our British overlords did not want the police and civil service politicized.But since you are a rabid FNM,you cool with any foolishness done by this version of the FNM.i am not a supporter of either the PLP or FNM.
On Brave raises concern over police actions
Posted 23 April 2020, 4:12 p.m. Suggest removal
BONEFISH says...
Taxes will eventually be raised in the future .If you really believe what the DPM said. I can sell you the bridge I own.It is between the Cove,Crooked Island and Lovely Bay Acklins.
On We've no plans to increase taxes, says Turnquest
Posted 23 April 2020, 1:11 p.m. Suggest removal
BONEFISH says...
The Bahamian economy is mainly tourism based.Tourism earnings is the main source of foreign exchange.The majority of our visitors come from the US which is hard hit by the COV19 pandemic.It may be very tough in this country for some time.
On Govt warns of $800m deficit
Posted 21 April 2020, 6:25 p.m. Suggest removal
BONEFISH says...
This promotion exercise is simply the FNM promoting their supporters.There are three ACPs who have been basically transferred out of the police force to make space for those promotions.
This is just a cynical display of power.Previous prime ministers like Sir Lynden Pindling and Hubert Ingraham did it more smoothly.
On Three promoted to top heavy senior rank
Posted 21 April 2020, 6:15 p.m. Suggest removal
BONEFISH says...
Maintenance and upkeep of buildings is not a strong suit of successive governments. The condition of the embassy building reflects poorly on the country.
On Bahamas embassy 'unfit' for use
Posted 19 April 2020, 4:34 p.m. Suggest removal
BONEFISH says...
Obviously, you and a lot of Bahamians don't know how our system of government works.The Prime Minister is not an elected position.He or she is the leader of the party who wins the majority of seats in the parliament.An English man told me that.The Bahamas don't have political parties,they have mainly two tribes,one gold and one red.
On PM announces ban on import of non-medical masks to help develop local industry
Posted 10 April 2020, 1:54 p.m. Suggest removal
BONEFISH says...
The government should implement testing for COV19 here on New Providence.I don't how it was done, but Cayman Islands purchased 200,000 testing kits from South Korea.They plan to work up to 500 tests per day.
Some of the MP'S allowances can be used to set up food banks for the less unfortunate in their areas.Some MP's have already done this.Also they should work with NGO's and other civic groups in this matter.
Also quit making these haphazard announcements.They were made without giving much lead time.This lead to that frenzied panic shopping earlier this week.
On TACKLING THE COVID-19 CRISIS: What ideas do you have?
Posted 9 April 2020, 3:30 p.m. Suggest removal