Barbadian & Caribbean experts do not fear Devaluation of Local Currency: First Citizens forum raps Freundel Stuart regime’s fiscal policies or lack thereof…

In a brutally frank yet user friendly explanation, a leading banker of the region gave a stark analysis of Barbados when compared with other territories of the Caribbean. The review, at sharp odds with a recent assessment given by the Central Bank of Barbados, is more in line with one given by the Caribbean Development Bank in February this year.

Jason's review of Barbados in comparison with the rest of the region is different to what was portrayed by the Central Bank recently, had some audience members wondering if Dr DeLisle Worrell needs a new ophthalmologist?

Jason’s review of Barbados in comparison with the rest of the region is different to what was portrayed by the Central Bank recently, had some audience members wondering if Dr DeLisle Worrell needs a new ophthalmologist?

Jason Julien, General Manager of First Citizens’ Investment Group told a rapt gathering at the Frank Collymore Hall how Barbados is clearly lagging while other Caricom members are now beginning to pull themselves out of the financial doldrums plaguing so many markets since 2007.

Carole Eleuthere Jean-Marie gave the vote of Thanks before inviting both participants and the audience to sumptuous refreshments that night.

Carole Eleuthere Jean-Marie gave the vote of Thanks before inviting both participants and the audience to sumptuous refreshments that night.

However the official does not feel Barbados will lose its grip on its currency, in an exclusive chat with the Bajan Reporter, once asked – Mr Julien also gave a verdict on the Film Industry, the IT sector and decriminalising ganja as a means of agricultural export to drive ForEx {PLEASE CLICK ON FOLLOWING ICON FOR FULL AUDIO, SMARTPHONE OR TABLET USERS PLEASE CLICK ON Mr Julien‘s NAME FOR THE RELEVANT LINK}

Mr Julien was part of a Panel Discussion which examined both Barbados’ and the Caribbean’s Market Outlook as a special annual initiative from First Citizens (formerly Caribbean Money Market Brokers and also acquired Butterfield Bankthe one time Mutual bank), in this year’s group it included one-time DLP Opposition Leader now BLP Economist Clyde Mascoll as well as noted Entrepreneur and automotive enthusiast Ralph “Bizzy” Williams who wants to see less red tape gumming up Private Sector interaction where it bisects with Public Sector areas (which is considered by many as part of the downfall for REDjet, in which Bizzy was an investor)…

This skilful guitarist provided soothing sounds while folks exchanged their own views on what transpired that evening.

This skilful guitarist provided soothing sounds while folks exchanged their own views on what transpired that evening.

However, Mr Williams does not foresee local currency befalling under a similar fate as Jamaica, Trinidad or Guyana despite there being both old & new currency floating among Bajan consumers, or the flurry of downgrades from Moody’s plus Standard & Poor’s agencies {PLEASE CLICK ON FOLLOWING ICON FOR FULL AUDIO, SMARTPHONE OR TABLET USERS PLEASE CLICK ON Mr Williams’ NAME FOR THE RELEVANT LINK}

Mrs Bhagoo-Ramrattan seated next to Fmr Pres. of ICAB, David Simpson - Curr. Mgng. Dir. of Prestige Accounting

Mrs Bhagoo-Ramrattan seated next to Fmr Pres. of ICAB, David Simpson – Curr. Mgng. Dir. of Prestige Accounting

First Citizens’ Head Of Research, Mrs Vangie Bhagoo-Ramrattan, who Mascoll was either unable or incapable of pronouncing her surname, was also of the view that Barbados could recover if it used strict or harsh measures along with new methods to bolster incomes, but Devaluation would only be considered if all other avenues failed {PLEASE CLICK ON FOLLOWING ICON FOR FULL AUDIO, SMARTPHONE OR TABLET USERS PLEASE CLICK ON Mrs Bhagoo-Ramrattan‘s NAME FOR THE RELEVANT LINK}

 

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