Home' Trinidad and Tobago Guardian : May 3rd 2014 Contents A5
Saturday, May 3, 2014 www.guardian.co.tt Guardian
Central Bank Governor Jwala
Rambarran says there is a "mis-
conception" about the role of the
bank in supplying the market with
US foreign currency, noting it does
not supply 100 per cent of the mar-
ket s need.
Commenting on complaints from
the business community about the
current problems in accessing US
currency, Rambarran said the Central
Bank only supplies the market with
25 per cent of the foreign exchange.
The remainder comes from the
private sector, including commercial
banks and the energy sector, he told
the T&T Guardian.
He said the Central Bank has
already released US$360 million for
the year, so he could not understand
why sections of the business com-
munity are complaining about the
supply of foreign currency at com-
Rambarran said in a telephone
interview, "There is a US$1.3 billion
gap between the demand and the
supply of foreign exchange and this
is where the commercial banks need
to step in. We now supply US$1 bil-
lion to bridge that gap.
"If the system as a whole has
funds or is liquid, then it may sug-
gest one or two financial institutions
in the system may not have enough
funds to meet immediate demands."
Businesses have been complaining
in recent weeks of being unable to
access foreign exchange, with some
of them pointing out that foreign
companies are now cagey about
doing business with them because
of uncertainty over whether they
will be able to pay their bills.
The T&T Manufacturers Asso-
ciation, Chaguanas Chamber of
Commerce, American Chamber,
Supermarkets Association and Food
Distributors Association have all
publicly complained about the
Finance Minister Larry Howai is
calling for the Central Bank to meet
with the commercial banks in a bid
to find out the source of the prob-
lem. He said there are more for-
eign-exchange buyers than sellers
After Central Bank US$360m injection into system...
Jwala puzzled by shortage
A secondary school
teacher accused of
molesting a male student
in the school has been
granted $50,000 bail.
The 37-year-old teacher,
from St Mary s Village,
Freeport, appeared before
Princes Town Magistrate
Avason Quinlan charged
with serious indecency.
The charge stemmed
from an allegation by a 14-
year-old Form Three stu-
dent that the teacher
pushed his hand into the
student s pants pocket and
touched his private parts.
The alleged incident took
place on Tuesday during
The teacher was subse-
quently arrested and
charged, but was granted
$50,000 bail at the Princes
Town Police Station.
When he appeared
before Quinlan yesterday,
the teacher was not called
upon to plead to the
indictable charge. The
teacher had no previous
convictions or pending
The matter was subse-
quently adjourned to May
12.Also appearing before
First Court Magistrate
Debra Quintyne in the
same court was a 53-year-
old man accused of sexu-
ally assaulting his two
young stepdaughters. The
girls are 11 and 12 years old.
The accused, a bar pro-
prietor, of Manahambre
Road, Princes Town, was
charged with two counts
of indecent assault and one
count of serious indecen-
cy.It is alleged that in April
he kissed one of the girls
and touched the other
child s genitals.
Police prosecutor Sgt
Winston Hajarie did not
object to bail, but asked
for conditions to be
attached. The magistrate
granted the accused
$150,000 bail on the con-
dition that he has no con-
tact with the girls and
stays at least 100 feet away
The matter was
adjourned to May 15.
Hundreds of students from primary and sec-
ondary schools across Tobago were among the
first to file past the body of former president,
prime minister and Tobago House of Assembly
(THA) chairman Arthur Napoleon Raymond
Robinson, after viewing was opened to the
public at 6 am at the THA Legislature yester-
The venue was buzzing with a constant flow
of people, all of whom wanted their opportunity
to pay their last respects to the son of the soil
and to be a part of history.
Security was tight and individuals were allowed
in the chamber in batches to avoid congestion
in the area where the coffin sat.
A mood of sombreness and reflection pervaded
the chamber as people walked past the flag-
draped, closed casket which bore Robinson s
body. (See page A10 and A11.)
Members of the Robinson family were also on
hand to greet the public and accept condolences.
The day saw past and present THA assem-
blymen and government ministers paying their
Christo Gift SC, George Stanley Baird, Pamela
Nicholson, Beverly Ramsey-Moore, Merriam
Caesar-Moore, Rennie Dumas, and ministers
Vernella Alleyne-Toppin and Delmon Baker were
seen paying their respects.
THA Chief Secretary Orville London and the
Executive Council viewed the body at 8 am.
Many Tobagonians told the T&T Guardian
that the body should have been in Tobago for
no less than two days.
Two simultaneous Tobago-style wake and
bongos were held last night in Robinson s honour
at the Roxborough Court Yard in Tobago East,
the area he represented in Parliament from 1986
to 1991, and in Castara, where he attended the
Castara Methodist School. Robinson was fondly
known as "the Castara Kid" and "Ah We Boy".
His public funeral is scheduled to start at 9.30
am today at the Dwight Yorke Stadium in Bacolet,
with a private service with family and close
friends to follow at the Scarborough Methodist
At 3.30 pm a final procession and interment
will begin at the Coast Guard Base at Orange
Hill Road, before making its way through Scar-
borough and ending at the Methodist Cemetery
in Bacolet. A 21-gun salute will bring to end the
five-day long national ceremony.
Students get first chance to say farewell to ANR
Central Bank Governor
David Robinson, son of former president, prime minister and THA chairman Arthur NR Robinson, greets
Pamela Nicholson, a member of the National Alliance for Reconstruction (NAR) cabinet, after she paid
her respects to his father at the THA Chambers yesterday. PHOTO: MARK LYNDERSAY
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