BUT ought not be seeking another extended holiday with pay for teachers
Dear Editor,
Bahamas Union of Teachers (BUT) President Belinda Wilson’s call for the closure of schools in New Providence and the Family Islands due to increasing COVID-19 infections might not be sitting too well with thousands of jobless Bahamian parents, especially on Grand Bahama and Abaco.
I am of the belief that civil servants, particularly teachers in the Ministry of Education, have got it made.
Despite being furloughed for extended periods of time in 2020, they still got paid, while thousands of Bahamians had to tow long lines at the Department of Social Services and the National Insurance Board for handouts.
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Investment currency outflows nearly 50% due to COVID-19 restrictions The Central Bank of The Bahamas.
The restrictions placed on foreign exchange outflows by The Central Bank of The Bahamas (CBOB) at the onset of the COVID-19 economic crisis resulted in resident investments through the Investment Currency Market (ICM) being slashed by more than 40 percent.
In May 2020, the bank suspended residents’ access to foreign exchange for portfolio purchases in the ICM and the Bahamas Depository Receipts (BDR) Programme. Approvals for commercial banks’ remittance of dividend payments abroad were suspended.
According to the just released CBOB Annual Report and Statement of Accounts for 2020, these measures saved up to an estimated $400 million in claims on the reserves.