The Finance Minister tells parliament he is in possession of letters from some banks and other companies expressing concern with the recent announcement by the Central Bank Governor to name institutions which use large amounts of foreign exchange.
Colm Imbert speaking in the Senate said there is the opinion that the revelation of the Governor could be a breach of law.
Minister Imbert said the development is one that he cannot take a laid back approach with and and plans get a legal opinion on the matter.
Commenting on another issue, Minister Imbert said the Finance Ministry was not given a copy of the Monetary Policy report as has been done in the past, before its contents were made public.
At the presentation of the report the Central Bank Governor said the country is now officially in a recession.
Finance Minister, Colm Imbert.
Citizens are being warned to brace themselves for tough days ahead. The caution comes from Opposition Senator, Wayne Monroe.
During his contribution to proceedings in the Senate Mr Monroe cited the economic recession, rising cost of living and more taxes as matters which citizens have to deal with.
Mr Monroe suggested that focus should be placed on stimulating economic growth.
Opposition Senator, Wayne Monroe.