Focusing on the foreign exchange controversy, commentator and chartered accountant Christopher Ram has pounded the government over the management of the economy and has called for the exclusion of non-bank cambios and for more banking licences to foster increased competition.
In his oil and gas column in yesterday’s Stabroek News, Ram homed in on the controversy over the shortage of foreign currency and said while it had receded into the background it didn’t mean that the problem had been solved.
He noted that the government’s Model Production Sharing Agreement (PSA) essentially retains the old foreign exchange framework which allows the oil companies to run their own exchange regime, outside of the national matrix.