Home' Trinidad and Tobago Guardian : November 19th 2013 Contents print properties. In addition, it
carries a blind mark for the visu-
ally impaired and partially sighted.
Finance Minister Dr Ashni
Singh, who unveiled the new
note, said that it represents an
important addition to the range
of local currency in use and that
businesses will be handling a sin-
gle note for every five $1,000
"This really just represents a
higher denomination; that is to
say that our dollar has the same
value today as it had yesterday
except that now we will be hold-
ing one $5,000 bill instead of five
$1,000 bills," he said.
"Over the years there has been
significant growth in the econ-
omy, in the financial system, and
in the level of economic activities
transacted at the macro, national
and individual levels...the
issuance of this higher note is
consistent with the growth and
expansion we have seen in the
financial system," the finance
Singh also issued a call for
reduced use of cash in the local
economy; especially since there
are various forms of technology
readily available to enable, par-
ticularly large businesses, to not
have to handle large volumes of
"Today s world is one in which
it is not necessary for an indi-
vidual to have large volumes of
We have a mature banking sys-
tem that has considerable reach...
today technology is used to deliver
banking services...such as ATM
networks, plastic cards, cheques
and cheque books," he said.
Guardian www.guardian.co.tt Tuesday, November 19, 2013
TEACHERS CREDIT UNION CO-OPERATIVE
NOTICE OF DATE FIXED FOR RECONVENING THE
ANNUAL GENERAL MEETING OF JUNE 2013:
It was necessary to adjourn the Annual General Meeting of 29th June,
2013, to a date to be fixed, for the sole purpose of appointment of an
Members are advised that the date, time, and place of the adjourned
meeting are Tuesday 26th November at 4.30pm at the All Saints Church
Hall on Marli Street, Port of Spain.
This venue is opposite the American Embassy and within walking dis-
tance of the Credit Union's Head Office.
Note that no other business than the selection of an auditor for the 2013-
2014 financial year, may be properly conducted at this adjourned Annual
launched a GUY$5,000 note that will
go into circulation on December 9.
Bank of Guyana (BOG) Deputy Gov-
ernor Dr Gobin Ganga said an aware-
ness campaign will be launched before
the note goes into circulation.
The BOG said the new note will
significantly reduce the number of
notes that it would be required to
process in the fast approaching holiday
The note carries two track threads
with optically variable and metallic
Guyana introduced $5,000 note
Deputy Governor of the Bank of Guyana, Dr Gobind Ganga officially
launched Guyana's first $5,000 note yesterday, which will be put into
circulation on December 9.
CARACAS---The Joint Organisa-
tions Data Inititiative (JODI), over-
seen by the Riyadh, Saudi Arabia
based International Energy Forum,
reports that Venezuela s crude oil
exports fell 12 per cent to 1.38 million
barrels a day (bpd) in September.
According to Venezuela state oil
company Petroleos de Venezuela, SA
(PDVSA), Venezuela s oil exports in
September averaged US$103.12, which
was $7.63 below Opec s average price
for September exports of US$110.75.
Venezuela joined fellow Opec mem-
bers Iraq, Kuwait, Nigeria, UAE,
Angola, and Qatar in lower output in
UAE exports fell 2.5 per cent to 2.58
million bpd. Nigeria exports fell 0.3
per cent to 2.14 million bpd. Kuwait
exports fell 6 per cent to 2.08 million
bpd. Iraq exports fell 20 per cent to
2.07 million bpd. Angola exports fell
8.4 per cent to 1.53 million bpd.
Opec members Saudi Arabia, Alge-
ria and Ecuador increased exports.
Saudi Arabia increased crude oil
exports 0.6 per cent to 7.84 million
bpd. Algeria increased exports 22.5
per cent to 659,000 barrels per day.
Ecuador increased exports 12 per cent-
to 435,000 bpd.
Opec members Iran and Libya did
not submit data for the month.
JODI uses statistics supplied by
national governments to compile data
on production and imports. The data
is for crude and condensates and does
not include natural gas liquids.
Opec members will meet in Vienna
on December 4 to discuss production
Last week, Venezuela auctioned off
300,000 barrels of Bachaquero crude
on the open market. It was reported
that the shipment was sold at
US$20.50 below Brent s oil price and
that two other shipments of heavy
Laguna and Bachblend were also sold
at a low price to US company Houston
Houston Refining was formerly
known as Lyondell-Citgo Refining
and Venezuela s Citgo owned 41.25
per cent of the company until
Venezuela sold it in 2006.
Venezuela's oil exports fall
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