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Several small business owners have given on up on trying to use the banking sector to obtain foreign exchange for their businesses. The recent publication of the EximBank’s foreign exchange allocations was eye opening for some, but ultimately not surprising for owners of retail clothing stores who spoke with the Business Guardian over the past week.
“The US dollar is not even a discussion,” said one Chaguanas businessman, who said he had applied for an allocation from several banks almost a decade ago with no success.
“The banks are more favouring the bigger companies, because when the bigger companies get the forex now, and they are leaving the smaller companies, like myself and others (with nothing to get). We don’t get any,” he said, “In other words, the rich getting richer, and then we, who are the middle class. It’s kind of practically impossible to grow.”
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