this concerns me.

"In terms of foreign currency approvals for current account payments, amounts authorised for non-oil merchandise and credit/debit cards totalled a combined $2.6bn, and outflows for service payments (including transportation, royalty and franchise fees) accounted for $1.6bn," the Central Bank added."

so then add oil purchases.

Can the current FX reserves support that? Is the solution to borrow in USD? If you do, the price you'd have to pay on the market would be high and is only for temporary spending.

I hope we're wrong and Rolle has rabbits in his hat.

sheeprunner12 you are a fair and level poster on the site I think it's not fair to tell persons to not critique. If received properly you improve.

These are the exact times you need to place checks on the govt. If they end up being correct, then fine. I hear the excuse, that this is new etc. That's the point in a new situation one should be open to all ideas criticisms and praise. Its how you get better. The govt recognized as much with their feedback page.

I think based on the following you'd agree that it is fair to criticize:

"No justification for these promotions ………. strike 3, two outs in the bottom of the ninth inning against the FNM government ……… not looking good for them in 2022."

"Prime case of a Third World government ………. in action"

"KPT better say what the economic plan is to tide us over for the next SIX months ….. You cant just keep people under curfew and BILLS are still piling up and NO salaries are coming in ......….. And no money are left in the banks for most of our citizens."

"Minnis should have found this courage to impose this Emergency Order with Dorian ……… when potentially 1000 people were sucked out of the Mudd and Pigeon Peas …….. But we are doing it with a "virus" that may not even turn out to be about our health at all …… SMT"

Jack for PM

1539 total tests yesterday
1548 total tests today.

So 9 tests performed.

That should be the headline.

If The Bahamas says yes and sets a rate at 5%, they'll want 10% then 15 then 20.
You have all the 2000 measures, all of the Tax Exchange Agreements, CESRA, Beneficial Ownership., Common Reproting., no bearer shares, and so on and so forth, Nothing will be good enough.

What about students who will be going off to school?
What about Credit/Debit card swipes.
Does the works minister want 500m in capital spending? Much of that will be imported materials.
Will the Pointe, Bahamar, Goldwynn resume building? Do they use their foreign entities to buy goods in FX and then send them in? Or will they order them in B$ and take the FX hit?
Similarly, NCP will soon start building. They are raising millions in USD, so maybe that will be for imported material?

The Elephant in the room is that you can only cut so much with few inflows. So do they start targeting normal purchases?

Can't wn for losing. No good answers.

Cayman was in Feb placed on the "non-cooperative jurisdictions" blacklist by the EU.

UK is not in the EU anymore and surprises surprise. Cayman has been blacklisted by the EU whereas the 242 is no longer.

if you read the way it was negotiated it was not the UK but a local effort. Google.