Forex rate at Customs immoral
THE EDITOR, Sir:
I am a crew member affiliated with a major cruise line. I work on a ship that docks every two weeks in the port of Falmouth.
Being a Jamaican, I recently took the opportunity to offload some personal items. I was told beforehand the customs fee would be approximately 25 per cent of the value of the items, which I had already made allowances for. The customs officer valued the items at an exchange rate of J$106 to US$1, which was also the bank rate, and told me to pay the fee at the collection desk.
However, their rate of exchange (in the same building) is now $88.50, meaning they would make J$1,750 on every US$100. I would understand if it were a private cambio, but this is Customs.
I find this practice not just unfair, but immoral.
Is there a limit on the rate of exchange between the bank and other businesses? If not, there should be.
D. BILLINGS
Falmouth, Trelawny
