Forex issue a concern

THIS relates to the commonly seen grievances from the business community, published in The National yesterday (Oct 29).
The fact remains the same since 2017, when most of the business houses, small and large, and the PNG Chamber of commerce, expressed concerns regarding the delay in securing foreign exchange (forex) from the three banks, to pay overseas suppliers.
As always, the assurance from senior level bank executives are: “all measures have been taken up”, to minimise the short fall of forex. Please understand that, with such lip service and false assurance, the common man is being affected daily.
The cost of goods and services has gone up by more than 50 per cent. It is a struggle, trying to cope with the daily needs of a family.
Secondly, the insecurity among many working class citizens, whether they will have their jobs and for how long is on the rise, considering the enormous job redundancies from many small, medium and large companies.
The comment from the bank executive on Forex shortage, has no firm commitment nor admits on the fact of shortage and its effects in businesses and unable to call spade a spade. So we continue to live in the false scenario – the nationals will loose and have lost jobs, while the executives enjoy a lavish life with no compromise on their lifestyle whatsoever and retain the job as well, by covering up, not realising that the situation is getting worst not better.

Chris Nagesh