Tuesday, October 4, 2011

Governor of Central Bank At It Again

The Governor of the Central Bank, Mr. Pierre Laporte, who just returned from an IMF world conference for governors, to streamline central bankers on the world economic financial downturn again, has said on SBC that he does not know where a rumor of devaluation comes from.

Central Bankers 007

Alarmingly this line is a movie script line of Seychelles central bankers perfected by ex Governor Francis Chang Leng. Even when Seychelles went Bankrupt in October 2008, Mr. Chang Leng was on SBC like Mr. Laporte is today, telling the People of Seychelles devaluation will never happen, it is just a rumor. It seems that we are about to get a rerun of the same film we watched and suffered through not too long ago.

Back To Banking on The Aut De Gamme

Under his lips, Mr. Laporte muffled in his shirt to tell us in Europe there is a economic downturn. He did not mention the riots or the national bankruptcy gripping four key states that can affect the entire European union. But in Seychelles we have aut de gamme tourist we can maintain our economy on according to Mr. Laporte. Really? Where exactly are these aut de gamme tourist Mr. Laporte? Can you count them and give us a report on these rare species to our shores these days?

Aut De Gamme Tourist- But Job Loss Likely

Muffling along in the interview, as if he did not want us to hear him one day after the 16,500 spoilt votes spoil the communist master plan to rule us as if we are chickens on a farm, Mr. laporte seemed to be saying first, IMF will be extending its program in Seychelles and secondly, with the downturn people will lose their jobs, and the cost of living will go up. But he said the Central Bank will battle inflation and not devalue unless it take foreign exchange out of the reserve for one purpose or another. Really?

What Mr. Laporte Did Not Muffle

Mr. Laporte did not muffle about the reduction in revenue for the year 2011 nor did he tell us that our debt repayment starts in 2012, which is one reason why IMF is sending us technical assistance, to squeeze every ounce of foreign exchange it can from our reserves next year, to meet repayment deadlines. When that happens, Mr. Laporte will have to devalue, because he will have to tap into reserves to pay our debts.

Mr. Laporte, perhaps you are new to this game. Take some advise from Mr. Chang Leng on how it is played. Rule number one, do not talk to us like we are on BAKKA just because you work for communists. We will show you are on LAPIRE.

We are watching you carefully.

Time to reduce the credit card bills on restaurants for meals in the name of the People of Seychelles. Pay your own meals or eat at home. The extra weight you gain belongs to you. The fun is over. See you soon.



Anonymous said...

A devalution is inevitable Laporte,given that Pp has been running deficit bugets for years and the bamkruptcy in 2008 has accentuate the crisis.This is the only action the governemnt can take in this kinds of environment deflate the value of our currency and inflate asset prices.Inflate them to make debts smaller relative to assets.Inflate them to thereby make it easier to pay off debts.If you not to devaluate our currency how are you going to proceed Laporte?Laporte is probably embarrass to publicly say it,he will probably leave the offical announcement to Pp.

Jeanne D'Arc

Anonymous said...

Look at the good side of things: A devaluation will attract low budget tourists to Seychelles filling its 3 star hotels and guest houses. Low class tourists will also discourage the finer tourists(Khalifa & Co) from spending their holidays in Seychelles and woosh we'll eventually have a booming economy. Then again, we may have to cut our Dubai trips to once a year instead of the usual 3-4.

Anonymous said...

We have already had a devalution which has resulted in higher unemployment(increase in crimes),higher prices,it has make our people poorer and another devalution will further drag our people in misery.Pp will not be devaluting the currency to attract cheap tourists but becuase it has no choice,It is all the result of mis-amanagement ,corrupts and all those ills that goes with it that got us there.Pp should be instead collect tax from Eden Island,Khalifa,Ramadoss's Casinos,avoid fianacial leakage(five star hotels),reduce charges of small and medium tourist establishments,check and balance(accountability) on SEPEC,IDC,Money Us is paying to stationed their drones here,Fishing contracts etc etc

I agree with you we must cut Dubai flight to one and as i porposed before instead operate a direct weekly flight to Australia for instant,the potential is much bigger and would undoubtly be more beneficial than flying to Dubai or as recently to Falkland island.Fly Air Seychelles where there is potential pocibilities PP not anywhere for the sake of flying somewhere.The company is operating at a lost ,stop implementing these failed strategies Pp?It is time to take the bull by the horn Pp.

Jeanne D'Arc

Anonymous said...

We should start a few PETITIONS with all the questions that need to be answered regarding our economy (or anything else that matters to Seychellois) and send it to SBC for them to ask Mr. Laporte and others. If they refuse to do so then we should declare them the enemy of the people and ask for their resignations. I am sure we can get more than a thousand signatures amongst those who BOYCOTTED the slapstick election.

We have sent a clear message through the past election, now we have to take new steps to achieve accountability in our society.



brigitte said...

By the name of Chris :)

Anonymous said...


I did not know you were called "Chris".

Nice try.

Seselwa Unite!

Sesel Pou Seselwa!

"Chris" topher Gill

Anonymous said...

We are bigger than Chris, Brigitte, Jeanne D'Arc. We have waited for so long to voice our discontentment with the regime.

Quietly we are becoming the SILENT MAJORITY and we are growing as fast as the 'CED LO KONBLAZ'. So beware, you who have committed crime against our nation for judgement day is not far ahead.


Anonymous said...

The idea of a petition is a good one ,is will be a second warning to PP,that the people do not have time to wait listen old wives tale any longer-You will have to rapidly and voluntarily or we will come to change them.Time for rhetorics and lies are over Pp.It is time for real actions and we expect to see those changes rapidly.

Jeanne D'Arc

brigitte said...

Seselwa Publication (PTY) LTD.

Pissedoff said...

L'echo des Gill!

Anonymous said...

Has the Seychelles rupees been devaluated before? If so! When was it announced?

Brian Holman said...

However, Panasonic has made it clear that they will ease and expand the distribution of Sanyo Eneloop rechargeable batteries into the marketplace. In this case, in order to prevent accidents, shut down the laptop first, take out the battery, and then reload the battery. You could even purchase one of the less expensive electric models for less than $10. When connected, place the battery in its place inside the battery compartment.

Anonymous said...

I've been exploring for a little bit for any high-quality articles or weblog posts on this sort of house . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am glad to exhibit that I've a
very just right uncanny feeling I discovered just what I needed.
I such a lot undoubtedly will make sure to don?t fail to remember this site and give it a look on a relentless basis.

Take a look at my site; Louis Vuitton Handbags

oakleyses said...

chanel handbags, gucci handbags, tiffany jewelry, jordan shoes, polo ralph lauren, christian louboutin shoes, christian louboutin outlet, oakley sunglasses, kate spade handbags, oakley vault, prada outlet, nike free, louis vuitton outlet, coach purses, coach outlet, kate spade outlet online, louboutin shoes, coach outlet, polo ralph lauren outlet, coach outlet store online, nike shoes, michael kors outlet, louis vuitton, longchamp handbags, michael kors outlet online, michael kors outlet store, longchamp outlet, michael kors outlet online, louis vuitton outlet online, tiffany and co jewelry, burberry outlet online, nike air max, prada handbags, louis vuitton handbags, michael kors outlet online, longchamp outlet online, cheap oakley sunglasses, ray ban sunglasses, michael kors outlet online, tory burch outlet, burberry outlet online, red bottom shoes, nike air max, louis vuitton outlet, ray ban outlet

oakleyses said...

ray ban pas cher, longchamp, longchamp pas cher, burberry pas cher, nike roshe run, sac louis vuitton, tn pas cher, hollister, nike free pas cher, sac michael kors, coach purses, michael kors uk, oakley pas cher, louis vuitton uk, nike air max, sac vanessa bruno, mulberry, nike free, scarpe hogan, true religion, true religion outlet, vans pas cher, north face, true religion outlet, ralph lauren, chaussure louboutin, air jordan, converse pas cher, hermes pas cher, louis vuitton, nike blazer pas cher, lacoste pas cher, louis vuitton pas cher, air max, nike air force, lululemon, guess pas cher, hollister, ralph lauren pas cher, timberland, michael kors canada, ray ban uk, air max pas cher, new balance pas cher, nike air max, north face pas cher

oakleyses said...

asics shoes, rolex watches, ugg outlet, new balance outlet, north face jackets, mac cosmeticas, valentino shoes, jimmy choo shoes, bottega veneta, barbour, nike roshe, birkin bag, p90x workout, nike trainers, celine handbags, roshe run, ferragamo shoes, hollister, beats headphones, nike huarache, reebok shoes, soccer shoes, ugg soldes, instyler ionic styler, insanity workout, north face outlet, marc jacobs outlet, soccer jerseys, uggs on sale, giuseppe zanotti, abercrombie and fitch, longchamp, mcm handbags, vans outlet, ugg, lululemon outlet, nfl jerseys, abercrombie and fitch, wedding dresses, uggs outlet, chi flat iron, mont blanc pens, babyliss pro, ghd, herve leger

oakleyses said...

baseball bats, supra shoes, canada goose outlet, montre femme, juicy couture outlet, canada goose, louboutin, gucci, canada goose pas cher, timberland shoes, replica watches, wedding dress, canada goose outlet, vans, ugg, moncler, iphone 6 case, lancel, air max, moncler, ray ban, uggs canada, karen millen, juicy couture outlet, moncler, moncler, converse, moncler, coach outlet, converse shoes, canada goose outlet, nike air max, hollister, canada goose uk, moncler, ugg boots, oakley, moncler outlet, hollister canada, louis vuitton canada, hollister clothing, canada goose, ralph lauren, canada goose, parajumpers outlet, toms outlet