PNC Ko Ko Beah is spreading like wildfire. 

PNC cannot even build a toilet, how can they run a country ?

Looks like Jordon is taking advice from Carl Greenidge  These clowns do not have a clue on how to run a country.

Yuji22, I am tempted not to comment until you apologize to Glenn Lall for calling KN “toilet paper” last year and before. Anyway, I'll humor you. Yuh own smartness gon ketch up wid yuh. Yuh post de part of the KN report dat serve yuh purpose and leff out de part SHORTAGE OR HOARDING that has the BOG viewpoint. It seems as if the foreign-owned Republic Bank is into some skulduggery. And Trinidadian businesses are buying up US dollars from Guyanese businessmen.

Also, another KN report says Banks DIH recently withdrew about US$26M from the local banking system to buy back some company shares in Barbados. Don't tell me yuh ent read dat, padna.

Bank of Guyana is the Central Bank of Guyana.  The well has run dry there.  Foreign owned banks do not depend on hard currency from the Guyana government to stay afloat and determine the value of the currency.

Bibi Haniffa posted:

Bank of Guyana is the Central Bank of Guyana.  The well has run dry there.  Foreign owned banks do not depend on hard currency from the Guyana government to stay afloat and determine the value of the currency.

The Governor of the Bank of Guyana, a PPP appointee, states there is more money there now than when the PPP left. The problem seems to be related to Surinam, Barbados and Trinidad businessmen buying tons of hard US currency with their local dollars. It looks like Republic Bank is facilitating their own T&T peeps. There is more to this story than KN is reporting.  

Lets see if the GOG's response shakes out in the following months. Many busineses in Guyana depends on 100K plus in US currency available on a daily basis. These asswipes in power  are hiding something.

Gilbakka posted:

 

.. And Trinidadian businesses are buying up US dollars from Guyanese businessmen.

.

In fact currency shortages have been reported in T&T for quite a while now.  No shock that Republic would make it available to their larger T&T customers, even if this hurts their Guyanese customers.

Mars posted:

..

The Governor of the Bank of Guyana, a PPP appointee, states there is more money there now than when the PPP left. The problem seems to be related to Surinam, Barbados and Trinidad businessmen buying tons of hard US currency with their local dollars. It looks like Republic Bank is facilitating their own T&T peeps. There is more to this story than KN is reporting.  

yes the PPP frauds will scream that this is a PNC problem.

It is likely that the very banks are hording cash for their best clients, given the correspondent bank issues, which reduces their access to those lines of credit.

It may well be that only Republic and RBC are large enough to still have correspondent banking ties to global banks.

Look at the PNC Ko Ko Beah Carib,

The PNC turned Guyana into a Hell Hole in less than two years and this chap is attempting to blame this on the PPP.

Fact:

PNC cannot even build a toilet, how can these clowns run a country ?

KN called as asked for $ 40,000 and the bank stated that they could only provide

$ 500

Go figure. This chap Carib is part of the PNC Ko Ko Beah gang.

Quote from KN:

"A Kaieteur News reporter contacted one of the Republic Bank branches and asked if US$40,000 can be accessed for a business transaction. A representative stated that this was not possible as “that foreign currency is not in abundance.”

A supervisor further confirmed that the bank is experiencing a “shortage” and only US$500 could be made available at this time."

"Kaieteur News even saw documentation from one of the largest banks here, notifying a few businesses that foreign currency, particularly US dollars, was not available at this time."

The shyte hit the fan under these PNC Ko Ko Beah clowns.

Big ribbon cutting for New Industry, GUYLINE. This business just started with Banks, people are paying others to stand in lines to purchase foreign currency. Soon food shortages of imported stuff. No ice apple for Xmas.

Here's something a friend in Guyana told me today. Since the Finance Minister announced in his budget speech that the GRA will garnish bank accounts of tax dodgers, some self-employed people have been withdrawing large sums from their bank accounts and converting same to US dollars, thus putting additional pressure on the foreign currency market. 

Excuses, excuses, speculations, speculations.

Fact:

Ko Ko Beah PNC destroyed the country in less than two years.

Line up for foreign currency today and the lines will start for food and gas tomorrow. Sounds familiar ? Yes, PNC part two is competing to outdo PNC part one.

Read KN for a balanced report on a detail investigation of this shortage of foreign currency. KN is no longer in the Toilet paper category. Glen Lalla is ketching sense.

yuji22 posted:

 

KN is no longer in the Toilet paper category. Glen Lalla is ketching sense.

On the contrary, your excellency, YOU ketch yuh sense. Glenn Lall's KN has always been independent. 

The anti-koolie gang that now rules over our East Indian Brothers and Sisters of Guyana only knows one thing anti-koolieism.

Gilbakka posted:

Here's something a friend in Guyana told me today. Since the Finance Minister announced in his budget speech that the GRA will garnish bank accounts of tax dodgers, some self-employed people have been withdrawing large sums from their bank accounts and converting same to US dollars, thus putting additional pressure on the foreign currency market. 

Is your friend a PNC idiot? So PPP thief out the money and left it in a bank in Guyana while PNC running the country??  Ow uncle,  you see why these stupid PNC people shouldn't be running the country??

Gilbakka posted:

yuji22 posted:

 

KN is no longer in the Toilet paper category. Glen Lalla is ketching sense.

On the contrary, your excellency, YOU ketch yuh sense. Glenn Lall's KN has always been independent. 

Independent from who or what?  KN is a PNC paper practicing yellow journalism.  And there are stupid people who read it like a Bible.  Some here on GNI even swear on it a couple times.  So help me God.

Bibi Haniffa posted:

 Ow uncle,  you see why these stupid PNC people shouldn't be running the country??

From now, call me "uncle comrade" or "comrade uncle".

Bibi Haniffa posted:

 

Independent from who or what?  KN is a PNC paper practicing yellow journalism.  

 

Okay, MIRROR and GUYANA TIMES are independent papers. They practise green journalism?

Gilbakka posted:

Here's something a friend in Guyana told me today. Since the Finance Minister announced in his budget speech that the GRA will garnish bank accounts of tax dodgers, some self-employed people have been withdrawing large sums from their bank accounts and converting same to US dollars, thus putting additional pressure on the foreign currency market. 

This will now encourage "Kick Down Door" and rob, Indians were known to hide money under their bed. When you don't produce much for export, but depend on foreign imports, soon or later the foreign reserve will go dry.

So Trinis come to Guyana selling TT$. BOG stops buying them, because you know the Trinis aren't there to buy GY$.

But let the PPP frauds have their fun.

I am still waiting to hear what the black market rate is.  After all of the currency is collapsing it must be 500:1.  Calling PPP frauds!

kp posted:

., Indians were known to hide money under their bed. .

Now why will they do this when their money s safer in the bank and they get interest too? And not the .5% that we get here.

Maybe you should think carefully of promoting a stereotype that Indians are an unpatriotic bunch who refuse to pay income tax, yet want to benefit from the full range of gov't services.

And are you so proud that the legacy of the PPPs 23 years of supposed free enterprise means that Guyana doesn't export much?  In fact lists were provided last year of various manufacturing companies which existed in the 70s and 80s, but had closed down by the 2000s.