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Chris Sinckler Vs Delisle Worrell Court Appeal Document Available – Board of the Central Bank Expressed Concern About the Falling Foreign Reserves

In the Court of Appeal No.8 of 2017 DeLisle Worrell (Appellant) versus the Minister of Finance ( Respondent) presided over by Justices Sandra Mason, Kaye Goodridge and Andrew Burgess on February 23 and March 3, 2017 the decision by Justice Randall Worrell to lift the temporary injunction was upheld. The ruling cleared the legal hurdle…

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Dismissed Central Bank Governor DeLisle Worrell

In the Court of Appeal No.8 of 2017 DeLisle Worrell (Appellant) versus the Minister of Finance ( Respondent) presided over by Justices Sandra Mason, Kaye Goodridge and Andrew Burgess on February 23 and March 3, 2017 the decision by Justice Randall Worrell to lift the temporary injunction was upheld. The ruling cleared the legal hurdle to have Worrell dismissed by Minister Chris Sinckler.

The reading of the 32 page judgement can be described as another reason among many why there is a growing lack of confidence by a majority of Barbadians and importantly investors in the government of Barbados. If the government appointed board of the Central Bank felt compelled to express concern about the falling foreign exchange reserves shouldn’t ordinary Barbadians?

The BU household eagerly awaits the pronouncement on the state of the economy by acting Governor Cleveston Haynes.

Read the full text of the Court Document – Court of Appeal No.8 of 2017 – DeLisle Weekes Versus Chris Sinckler

59 responses to “Chris Sinckler Vs Delisle Worrell Court Appeal Document Available – Board of the Central Bank Expressed Concern About the Falling Foreign Reserves”

  1. Vincent Haynes Avatar
    Vincent Haynes

    David

    Could you post a link to pg 12a of todays Sunday Sun for the BU diaspora to read the views of the latest Action Group that includes VOB moderators on it…..Unlimited campaign finance must stop……is todays topic.

  2. David Avatar
    David

    @Vincent

    Curious, if this group is serious should they not have a social media presence?

  3. vincent haynes Avatar
    vincent haynes

    David

    Chuckle……good one….those seeking to be activists must know their tools.

  4. nineofnine Avatar
    nineofnine

    @de pedantic Dribbler April 2, 2017 at 10:26 AM #

    …” Obviously, you all (Heather, nineofnine and others) know that equating the US Fed to any compade pedantic Dribbler April 2, 2017 at 10:26 AM # rable regional beast means that there would be one currency?

    So can any of you clarify the benefits that accrue to any island at this time to have a unitary note in this vast wasteland of poor currency values and each gov’t ‘s rush to the abyss with the printing of money!”…..

    For the clarity of your claim, I did not equate the “CCB” to the structure of that liken to the Federal Reserve which in truth regulates SOME of the nation states “Central Banks” while others are by the Office of the Comptroller of the Currency in the Department of the Treasury.
    The Federal System does not control outside of if territory, but can influence the operations of non territorial banks by their decisions on open market initiatives.

    As per your query …”clarify the benefits that accrue to any island at this time to have a unitary note in this vast wasteland of poor currency values and each gov’t ‘s rush to the abyss with the printing of money!”…..

    A UNITARY NOTE matters not as this is effectively calibrated into submission/scenario by any member state and the value of its currency is absolute.
    As I have mentioned before, the printing of money unless it has an asset base (gold or precious metals) is illegal.

  5. nineofnine Avatar
    nineofnine

    https://en.wikipedia.org/wiki/Structure_of_the_Federal_Reserve_System

  6. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    A monetary union in Caricom is only possible if these foolish very tiny, very small island governments stop trying to impress and emulate large countries when they have neither the intelligence nor the resources to do either….

    ……stop trying to be first world and world class when they are not mentally savvy enough to negotiate the required agreements to get there, the large countries have had centuries of practice in deception, that puts them ahead by centuries…….

    ……stop trying to negotiate individually when doing so as a united bloc would produce better results…..none of them is an island that can operate successfully as a stand alone, will never happen, but should be operating as one group…as the US has been telling them for years.

    The economic disasters that are the rich in resources Guyana and Jamaica are prime examples of how unprepared and unequipped small governments are when at the same table as their more knowledgeable and savvy much larger trading partners.

  7. Tron Avatar
    Tron

    Barbados is so deep in debts, no other CARICOM state will accept Barbados as a member of a common currency. Especially not after the next report on the falling foreign currency.

  8. David Avatar
    David

    And interesting view from Jeremy Stephen.

    https://www.barbadostoday.bb/2017/04/04/banks-hoarding/

  9. Hal Austin Avatar
    Hal Austin

    The governor of the Reserve Bank of India has told politicians what to do with their job. This is what Dr Worrell should have told Chris Sinckler ages ago and what some of our young politicians should tell the prime minister if she does not back off being a one-person government.

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