Finance Minister Colm Imbert has told the House of Representatives that the credit card purchases originating in Trinidad and Tobago, consumed US$1.2 billion in 2017.
A further US$1.8 billion dollars was injected by the Central Bank to buffer the TT dollar to the US dollar exchange rate.
The breakdown is as follows:
Credit Card Purchases in 2017:
January - US$108.5 million
February - US$70.5 million
March - US$94.1 million
April - US$68.3 million
May - US$100.5 million
June - US$90.4 million
July - US$101.6 million
Former housing minister Dr. Roodal Moonilal is questioning whether public housing policy is being held up by a personal feud between two key players.
According to the former housing minister, the prime minister must explain whether the Finance Minister Colm Imbert is declining to give a government guarantees to NH International Caribbean Limited because of an ongoing private legal row involving the minister and the company’s chairman Emile Elias.
NH International, a construction company owned by former chairman of the Telecommunications Services of Trinidad and Tobago (TSTT), Emile Elias, has won in court against a company owned by Finance Minister Colm Imbert, in a legal matter arising from the construction of the Grenada National Stadium.
The Appeal Court has dismissed an application by National Stadium (Grenada) Corporation for a stay of execution of a judgement handed down in 2011 by Justice Peter Rajkumar in 2011 in favour of NH International.