Any such increase in earnings will occur with an improvement in the global prices for natural gas. etc, and this is now without the capacity of the PP Government to influence. We are price takers in the sector.
To date, the Central Bank has been meeting the demand for forex by selling more from our reserves into the market. This demand may have increased due to the Christmas season or, some even say, capital flight. I believe Rowley has been around government long enough to have understood the system that his colleagues put in place to manage the floating of our currency; one in which the exchange rate is closely controlled, even between the planned periodic payments of foreign exchange by the energy companies to the State.
Stuart Bell
St James