Richard Deane critiques Trinidad and Tobago’s banking policies that make it difficult for visitors, particularly an elderly Canadian woman, to access funds. He describes the overly restrictive nature of these regulations and calls for reforms to facilitate easier banking access for tourists.
The editor of Trinidad and Tobago Newsday raises concerns over stringent banking regulations affecting visitors. Richard Deane reflects on his 27 years of business experience, noting that the PNM-led government appears to lack understanding of commerce and tourism. He shares an example of an elderly Canadian woman who, despite having shares in a local company, faced challenges cashing Canadian government cheques due to restrictive banking policies. Deane argues that current measures are excessively rigid and disadvantageous for visitors, who may find themselves without access to funds. He urges the government to establish effective provisions for tourists to ensure their financial needs are met while abroad, rather than leaving them in precarious situations.
The article emphasizes the difficulties faced by visitors in accessing banking services in Trinidad and Tobago due to rigid regulations. Richard Deane highlights the need for a more accommodating approach that supports tourism and commerce. He calls for policy changes to enhance the financial experience of visitors, advocating for provisions that prevent undue hardship during their stay.
Original Source: newsday.co.tt
