Tancoo accuses Govt of supporting “forex cabal”
The Opposition United National Congress (UNC) has accused the Government of having a vested interest in promoting and facilitating black market forex transactions in the country. Speaking at the UNC’s weekly media conference in Chaguanas yesterday, Member of Parliament Davendrenath Tancoo said the Government’s forex distribution policies are designed to enrich its financiers and friends at the expense of small and medium businesses and common people. Tancoo, the opposition’s shadow finance minister, called the businesses, who he alleged were benefitting, the “foreign exchange cabal.” “Monopolies have been created, simply because they can access foreign exchange but others in the same type of industry...
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