Tue | May 23, 2017

Ban imports that threaten local goods

Published:Tuesday | June 30, 2015 | 6:00 AM

THE EDITOR, Sir:

Is common sense lost in our search for solutions? How is it that our educated experts fail to realise that if our imports continue to exceed the value of exports, we will have perpetual devaluation?

The IMF wants to see the dollar at J$120 to US$1. When this happens and the IMF programme comes to an end, won't the devaluations continue?

The preservation of the value of the Jamaican dollar should be the prime objective of good governance. Devaluation robs pensioners and workers of their hard-earned savings. Employed workers see prices skyrocket while their wages are frozen.

Wake up, Jamaica! Demand that imports that impede local production be banned. We must put Jamaicans back to work. The PATH social benefits scheme is not a solution.

KEITH HOBBINS

khobbins@cwjamaica.com