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HEADLINE: T&T Forex problems put CPL bid in doubt
CaribbeanCricket.com
May 11, 2016, 3:33:58 AM
A decision on where the finals of the 2016 Hero Caribbean Premier League (CPL) T20 tournament will be played will be made this week and T&T’s foreign exchange situation remains a major factor in the equation.
CPL officials are demanding US $1M in US currency but the T&T Government is adamant that all contributions will be paid in T&T dollars because of the country’s short supply of US dollars.
The government also wants its contribution to pay as many local bills as possible, so that less money will leave the country. It is understood that CPL is asking for US $4.5M to award the finals weekend to any of the Caribbean countries.
Negotiations are continuing but there is a strong possibility that the organisers will reject the T&T currency and play the finals at another venue. Guyana is still in the mix as is Fort Lauderdale, where the last round of matches will be played.
Full Story
Narper
May 11, 2016, 3:44:01 AM
matchstick
May 11, 2016, 5:10:15 AM
In reply to Narper
Vinode Mamchan - gets it right 45% of the time, everytime!! 
Commie
May 11, 2016, 6:14:01 AM
Kay
May 11, 2016, 6:17:49 AM
Poor T&T...
How come this fx clause wasn't part of the bid document?
Cornfused
May 11, 2016, 8:44:14 AM
Nothing to do with the ATM , the demand and use of US Currency has been an issue for the past few years . Business use and demand more than the Central Bank could supply at times. There has been a change to the model of US currency supply a year or two ago . Some say that they have yet to see a benefit of this change . Some business and private persons have taken the step to set up different accounts to get the currency .
Was it not posted here and reported else where on April 19th that TnT lost out to Guyana . This reporter jumped the gun in terms of decision making or playing a political slant?
imusic
May 11, 2016, 8:54:06 AM
The ATM creaking.
And there it is...complete with "invisible" chortle emoji
camos
May 11, 2016, 9:45:33 AM
In reply to CaribbeanCricket.com
CPL officials are demanding US $1M in US currency but the T&T Government is adamant that all contributions will be paid in T&T dollars because of the country’s short supply of US dollars.
if the exchange rate is right ,who cares what currency? something is missing.
camos
May 11, 2016, 9:47:28 AM
In reply to Cornfused
currency overvalued! look for the pending devaluation.
Cornfused
May 11, 2016, 10:03:20 AM
Run to the hills
Cornfused
May 11, 2016, 10:04:33 AM
Are you Sir an Economist by training or by armchair or keyboard ?
Cornfused
May 11, 2016, 10:05:07 AM
Are you Sir an Economist by training or by armchair or keyboard ?
granite
May 11, 2016, 10:31:56 AM
In reply to camos
That seems to be a very sensible answer with common sense
SnoopDog
May 11, 2016, 10:45:33 AM
In reply to Commie
The ATM creaking.
The steady and alarming decline in the demand for 'doubles with slight peppa' is surely having an impact.
Larr Pullo
May 11, 2016, 11:47:50 AM
Is all dem Yardies who living Tittieland fault!
Star
May 11, 2016, 1:52:08 PM
In reply to camos
if the exchange rate is right ,who cares what currency? something is missing.
Is it really that difficult for you to understand?
camos
May 11, 2016, 4:54:46 PM
In reply to Star
yes it is! I spent years doing economics and finance never saw objection to being paid in a currency if the proper exchange rate is used!