EDITOR, The Tribune.
Glad to see at least one Minister, Fred Mitchell is openly against cashless society... we, all those that totally disagree with the cashless stupidity, are supported that recent Central Bank stats indicate in a quarter the ‘wallets of these digital things’ the deposits in them decreased - dropped by over $31m. Seems the consumers are saying... be gone!
Why do you need to have a viable approach to paying bills in The Bahamas considering our personal banking statistics profile? Central Bank says that 90%, yes 90%, only have a credit cash balance on their bank account of $1,000.00 - so we need to be cashless seems we are already basically no one has much cash - isn’t that the ultimate of a cashless thing? You don’t have cash!
Credit - Debt card and cheque book (cheques only cost the consumer-user) so why push to ban their use? Why? So average Bahamian has...$1,000.00 in their checking account. 90% have $1,000.00. We darn already cashless, have little or any cash! Resolve that!
D ROLLE
Nassau,
August 20, 2023.
Comments
truetruebahamian 8 months, 1 week ago
Absolutely, cash is king. Cheques are excellent means of payment and should never be considered being thrown on the scrap heap. Cash, Cheques and cards are all useful methods of payment and must be maintained.
bcitizen 8 months, 1 week ago
I wonder how much the government is paying as a % in credit card fees. It probably is less than the cash that goes missing but, I am curious as to what the bank is making off our taxes and fees being paid by CC.
birdiestrachan 8 months, 1 week ago
The great USA that the Bahamas follows gives a choice cash or debit card
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