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Wednesday, May 7, 2025

Market blanks old $100s; Minister rescinds notice

by

1972 days ago
20191213
A sign announcing that the Macoya Market would only be accepting the new $100 bills from December 19.

A sign announcing that the Macoya Market would only be accepting the new $100 bills from December 19.

Agri­cul­ture Min­is­ter Clarence Ramb­harat has di­rect­ed that a no­tice post­ed at the Ma­coya Whole­sale Mar­ket ad­vis­ing cus­tomers, mar­ket ven­dors and the pub­lic, that ef­fec­tive next Thurs­day, De­cem­ber 19 it will not be ac­cept­ing the old $100 bills be re­scind­ed im­me­di­ate­ly and he wants an­swers as to who au­tho­rised the no­tice.

Ramb­harat told Guardian me­dia yes­ter­day that im­me­di­ate­ly af­ter the no­tice was post­ed at the mar­ket he spoke to the Deputy Chair­man of NAMDE­V­CO Wayne In­niss and in­struct­ed him to re­scind the no­tice.

Ramb­harat said he in­formed In­niss that the old $100 bill is le­gal ten­der un­til De­cem­ber 31 and there was no log­i­cal ex­pla­na­tion as to why NAMDE­V­CO should refuse the cur­ren­cy from De­cem­ber 13th.

Po­lit­i­cal ac­tivist and for­mer Agri­cul­ture Min­is­ter De­vant Ma­haraj first brought the is­sue to pub­lic at­ten­tion yes­ter­day post­ing the no­tice from NAMDE­V­CO.

Ma­haraj al­leged that “even the Row­ley gov­ern­ment is not con­fi­dent that the gov­ern­ment has the ca­pac­i­ty to deal with the old notes in a time­ly man­ner.”

He said the no­tice post­ed by NAMDE­V­CO “con­flicts with the gov­ern­ment’s po­si­tion of 31st De­cem­ber as the dead­line.”

NAMDE­V­CO Chair­man Den­nis Ramdeen is out of the coun­try, but Ramb­harat said he has in­struct­ed Deputy Chair In­niss to find out who made the de­ci­sion.


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