J$106.34 to one US dollar

[Lazie]

Yuteman the "dollar remained stable" because the FX reserves were boosted by US$5Billion in new debt in a mere 3 years (boosting foreign DEBT 60%!!!) so the inevitable FX rate adjustment was merely postponed...
That type of MASSIVE borrowing is not available today except under IMF conditionalities & IMF direction... Jamaica reached the end of that reckless borrowing road under One Turd and now has to face reality i.e. Bitta Medicine


Your ignorance is comprehensive...but doan tap yappin atall ...juss gwaan pray fi election come soon

It could be as a result of the cow jumping over the moon, at the end of the day the dollar was stable. People like you would rather see the country struggle under the PNP then turn round and call it progress.

[Don1]

LOL...Nice technical analysis!!! mi Belly!!!

[Assasin]

oh well, so the government responsible then? IMF only direct or advices. The government came up with their own tax packages and responsible for the dollar. an example is the government didn't have to get IMF approval to cut cabinet, advisor or civil servants.

The target is only set because of the position that our government has put us in and them want back them money.

[Don1]

The IMF sets targets and in many cases "advises" or "directs" the Govt how to achieve them. If the IMF is not satisfied then IMF/World Bank/IADB and also private financing will be unavailable.... that amounts to effective control of policy.
However the GOJ still has political responsibility for everything.

[Assasin]

yeah I see you reading. Dr.Peter miss him targets 16 billon dollar tax collection badly.

[Don1]

yeah I see you reading. Dr.Peter miss him targets 16 billon dollar tax collection badly.

what are you talking about Sass???

so the Termites will flop the next test by virtue of whatever missed target you're referring to??

dat would be unfortunate

[Assasin]

they may not flop it but it means they will have to raise taxes again and dig wherever them can get that money from.

A guess you stop reading reports that in 8 months government miss their 16 billion tax target by more than half.

[Don1]

I'm not too concerned with tracking intra-quarterly results to find fault wid dis ar dat interim outturn .... dats di job of the MOF to correct by exam time

I'm more concerned whether the IMF i.e. Jamaica's Financial Master, gives the green light on the quarterly tests which free up financing and improve investor confidence in the economy

[Assasin]

What investor confidence??? The dollar devaluing, taxes rising, buinsess closing. Is that investor's confidence? I guess you don't read, every business that is closing list increase tax, crime and bad economy as the reason why.

The next six month going to be hell for the Jamaican economy. Remember I told you that.

[Don1]

I'm more concerned whether the IMF i.e. Jamaica's Financial Master, gives the green light on the quarterly tests which free up financing and improve investor confidence in the economy

Can't see why you're getting excited... I said passing IMF tests increase investor confidence...just as failing them decrease it

Do you wish to argue that technical point...or just continue your incoherent yappin??

[Assasin]

Passing IMF test is one of many things that make up investors confidence. If you notice business confidence in the last year as been the lowest on record since it been polled.

Who is yapping here?

[Don1]

You keep expanding the envelope of the discussion into stuff I'm not addressing

We're speaking about the IMF program... I said I'm not concerned about interim reports of target slippage you yap about but I'm interested in Jamaica passing actual quarterly tests. This because passing such tests increases investor confidence and unlocks multilateral budgetary funding

What about that don't you understand yute???????????

[Assasin]

the IMF tell you that missing the revenue target is the BIGGEST threat to passing future test. The IMF test speak of the lack of growth and business confidence so go on fooling yourself.

[Don1]

Sad that you are unable to argue logically

[Assasin]

no I only argue factually.