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DOES THE CENTRAL BANK KNOW WHAT IT’S DOING?

The head of the Central Bank is John Rolle. His wife is Dr. Nicola Rolle.  She is the head of National Insurance, the largest institutional investor in the country by far.  They have U S investments overseas pursuant to the loosened restrictions of the bank, prior to Mr. Rolle’s arrival.  Now comes Covid 19 and […]

Central Bank Not Being Aggressive Enough In The Covid Crisis

We think that the Minister of Finance Peter Turnquest is lost in the midst of this crisis.  We think that the Central Bank is not being aggressive enough, much too passive.  We asked for advice on the subject and here is the advice we got Suggestions: A limited fiscal response to COVID 19 would not […]

BAD ADVICE FROM THE ROYAL BANK LADY

On 31 January Marla Dukharan, ( the lady in the picture) group economist for RBC’s Caribbean operations, said: “I am disappointed that despite having the most successful VAT in the whole region – despite getting more from this VAT than you expected to – the fiscal deficit was not reduced in the way it had […]

Central Bank Provides Cheaper Credit

Despite the Standard Poors decision to downgrade our investment grade status, the Central Bank of The Bahamas said that the state of the reserves was sufficiently robust to lower the Bahamian prime interest rate. The decision is significant in that it lowers the cost of borrowing by four tenths of a percent. This will have the […]

Managing Director At Development Bank Resigns

The Managing Director of the Bahamas Development Bank, Mrs. Arinthia S. Komolafe has tendered her letter of resignation to the Prime Minister and Minister of Finance – the Rt. Hon. Perry G. Christie. The Bank chief shared some of her thoughts on her time at the institution. “It has been quite a journey with much […]

China Export Import Bank Breaks Its Silence

A statement issued on Thursday 17th December by the normally publicly reticent China Export Import Bank told the Bahamas in public that some unspecified individuals had been making irresponsible statements about their signature project in The Bahamas the Bahamar Project.  You will remember that the project that promised to bring 2500 new hotel rooms on stream and […]

PRIME MINISTER TEARS ANOTHER ASSHOLE IN THE FNM OVER THE BANK OF THE BAHAMAS

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Defending The Bank of The Bahamas

The Bank of The Bahamas held is annual general meeting on Thursday 18th December.  The usual suspects showed up to challenge the results of the Bank.  We say challenge charitably but what they probably intended to do was to disrupt the meeting.  One of the main challengers of the infamous Dionysio D’Aguilar and his cohort Dr […]

GOVERNMENT TO THE RESCUE OF BANK OF THE BAHAMAS

The Prime Minister Perry Christie is flanked by Michael Halkitis, the Minister of State and Paul McWeeney, the Bank of the Bahamas Managing Director as he announced a new company Bahamas Resolve Ltd, a wholly owned government company, to which the government has assigned 100 million dollars of the bank’s bad debt bad debt, taking […]

Is This Really True By RBC Bank? (If So It’s Despicable)

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