{"id":812401,"date":"2024-12-16T22:23:34","date_gmt":"2024-12-17T04:23:34","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/16\/the-government-and-finance-minister-colm-imbert-are-being-urged-to-step-in-to\/"},"modified":"2024-12-16T22:23:34","modified_gmt":"2024-12-17T04:23:34","slug":"the-government-and-finance-minister-colm-imbert-are-being-urged-to-step-in-to","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/16\/the-government-and-finance-minister-colm-imbert-are-being-urged-to-step-in-to\/","title":{"rendered":"The Government and Finance Minister Colm Imbert are being urged to step in to\u2026"},"content":{"rendered":"
\n

DA\u00adREECE PO\u00adLO<\/p>\n

Se\u00adnior Re\u00adporter<\/p>\n

da\u00adreece.po\u00ad**<\/span>@*********<\/span>co.tt<\/span><\/p>\n

The Gov\u00adern\u00adment and Fi\u00adnance Min\u00adis\u00adter Colm Im\u00adbert are be\u00ading urged to step in to reg\u00adu\u00adlate how banks dis\u00adtrib\u00adute for\u00adeign ex\u00adchange, with at least one econ\u00ado\u00admist sug\u00adgest\u00ading leg\u00adis\u00adla\u00adtion to lim\u00adit the amount of US dol\u00adlars banks can utilise for in\u00advest\u00adments in for\u00adeign mar\u00adkets as a short-term mea\u00adsure and busi\u00adnesses call\u00ading for sol\u00adid ac\u00adtion to al\u00adle\u00advi\u00adate the woes they are fac\u00ading.<\/p>\n

The calls come af\u00adter Sco\u00adtia\u00adbank\u2019s an\u00adnounce\u00adment that it plans to re\u00adduce its max\u00adi\u00admum US dol\u00adlar cred\u00adit card spend\u00ading lim\u00adit, ef\u00adfec\u00adtive from 1 De\u00adcem\u00adber. <\/p>\n

In a no\u00adtice to cus\u00adtomers on Wednes\u00adday, the lo\u00adcal\u00adly list\u00aded, ma\u00adjor\u00adi\u00adty Cana\u00addi\u00adan-owned com\u00admer\u00adcial bank in\u00addi\u00adcat\u00aded that the US dol\u00adlar spend\u00ading lim\u00adit on the Aero Mas\u00adter\u00adcard Black would be cut to US$5,000 a month, while all oth\u00ader per\u00adson\u00adal cards would see a re\u00adduc\u00adtion to US$2,000 per month. Sco\u00adtia\u00adbank has al\u00adso in\u00adformed cus\u00adtomers of plans to in\u00adcrease cred\u00adit card fees and in\u00adter\u00adest rates.<\/p>\n

The de\u00adci\u00adsion has drawn crit\u00adi\u00adcism from the pub\u00adlic, with many tak\u00ading to so\u00adcial me\u00addia to voice their dis\u00adgust with the move.<\/p>\n

Com\u00adment\u00ading on the de\u00adci\u00adsion yes\u00adter\u00adday, econ\u00ado\u00admist Dr Vaalmik\u00adki Ar\u00adjoon point\u00aded out that banks are ac\u00adcu\u00admu\u00adlat\u00ading US dol\u00adlars in sur\u00adplus but not\u00aded this mon\u00adey is not be\u00ading cir\u00adcu\u00adlat\u00aded among the pub\u00adlic. He the\u00ado\u00adrised that most of these funds are be\u00ading ac\u00adquired to build for\u00adeign ex\u00adchange re\u00adserves for pro\u00adpri\u00adetary port\u00adfo\u00adlios and in\u00adter\u00adna\u00adtion\u00adal in\u00advest\u00adments.<\/p>\n

\u201cThat is re\u00adsult\u00ading in them hav\u00ading an ex\u00adcess of US as\u00adsets over US li\u00ada\u00adbil\u00adi\u00adties, so this prac\u00adtice is nat\u00adu\u00adral\u00adly ty\u00ading up US dol\u00adlar funds that could oth\u00ader\u00adwise have been al\u00adlo\u00adcat\u00aded to the gen\u00ader\u00adal pub\u00adlic and the busi\u00adness sec\u00adtor,\u201d Dr Ar\u00adjoon said.<\/p>\n

He not\u00aded that be\u00adtween 2020 and 2022, banks held a com\u00adbined sur\u00adplus of US$726 mil\u00adlion that he claimed was not dis\u00adtrib\u00aduted pub\u00adlicly. The an\u00adnu\u00adal sur\u00adplus\u00ades for those years were US$86 mil\u00adlion, US$392 mil\u00adlion and US$248 mil\u00adlion re\u00adspec\u00adtive\u00adly, he said, quot\u00ading from Cen\u00adtral Bank da\u00adta.<\/p>\n

\u201cFor the last ten years, banks would have held a sur\u00adplus of about US$1.25 bil\u00adlion, mean\u00ading that they ac\u00adquired US$1.25 bil\u00adlion more than what was sold to the pub\u00adlic dur\u00ading that time. I could go back even fur\u00adther; over the last 16 years, the sur\u00adplus was ap\u00adprox\u00adi\u00admate\u00adly US$1.75 bil\u00adlion,\u201d he said.<\/p>\n

He ac\u00adknowl\u00adedged that in 2023, au\u00adtho\u00adrised deal\u00aders sold more than they pur\u00adchased, re\u00adsult\u00ading in a deficit of US$272 mil\u00adlion.<\/p>\n

Nonethe\u00adless, he be\u00adlieves Gov\u00adern\u00adment should in\u00adter\u00advene to reg\u00adu\u00adlate the bank\u00ading sec\u00adtor\u2019s use of for\u00adeign ex\u00adchange.<\/p>\n

\u201cThis rais\u00ades an im\u00adpor\u00adtant pol\u00adi\u00adcy and reg\u00adu\u00adla\u00adto\u00adry ques\u00adtion: should reg\u00adu\u00adla\u00adtions be im\u00adple\u00adment\u00aded to lim\u00adit the ex\u00adtent to which banks can hold for\u00adeign cur\u00adren\u00adcy as\u00adsets in ex\u00adcess of for\u00adeign cur\u00adren\u00adcy de\u00adposit li\u00ada\u00adbil\u00adi\u00adties? I think this could be a tem\u00adpo\u00adrary mea\u00adsure un\u00adtil ex\u00adports re\u00adturn to a high\u00ader lev\u00adel.\u201d<\/p>\n

Ar\u00adjoon said Sco\u00adtia\u00adbank\u2019s de\u00adci\u00adsion will have \u201cdam\u00adag\u00ading\u201d ef\u00adfects on the econ\u00ado\u00admy, not\u00ading that small and medi\u00adum en\u00adter\u00adpris\u00ades will strug\u00adgle, po\u00adten\u00adtial\u00adly forc\u00ading them to ei\u00adther scale down op\u00ader\u00ada\u00adtions or close. He al\u00adso warned that black mar\u00adket ac\u00adtiv\u00adi\u00adty will in\u00adcrease, as many in\u00addi\u00advid\u00adu\u00adals seek to ob\u00adtain for\u00adeign ex\u00adchange to pay sup\u00adpli\u00aders.<\/p>\n

He fur\u00adther said the Gov\u00adern\u00adment needs to en\u00adhance pri\u00advate sec\u00adtor com\u00adpet\u00adi\u00adtive\u00adness and di\u00adver\u00adsi\u00adfi\u00adca\u00adtion to in\u00adcrease T&T\u2019s ex\u00adport po\u00adten\u00adtial in non-en\u00ader\u00adgy sec\u00adtors. <\/p>\n

He said he sus\u00adpects the Gov\u00adern\u00adment may at\u00adtempt to bol\u00adster for\u00adeign ex\u00adchange re\u00adserves by is\u00adsu\u00ading bonds on in\u00adter\u00adna\u00adtion\u00adal mar\u00adkets to ac\u00adquire US dol\u00adlars, which would sub\u00adse\u00adquent\u00adly be de\u00adposit\u00aded in the for\u00adeign re\u00adserves ac\u00adcount and con\u00advert\u00aded to TT dol\u00adlars by the Cen\u00adtral Bank as a mea\u00adsure to al\u00adle\u00advi\u00adate the forex prob\u00adlem. He con\u00adsid\u00aders the im\u00adple\u00admen\u00adta\u00adtion of a neg\u00ada\u00adtive list to re\u00adstrict the im\u00adpor\u00adta\u00adtion of items that can be pro\u00adduced lo\u00adcal\u00adly to be a less de\u00adsir\u00adable op\u00adtion.<\/p>\n

The econ\u00ado\u00admist al\u00adso main\u00adtained that de\u00advalu\u00ading the TT dol\u00adlar is not a vi\u00adable so\u00adlu\u00adtion to the forex cri\u00adsis.<\/p>\n

\u201cDe\u00adval\u00adu\u00ada\u00adtion is not the so\u00adlu\u00adtion be\u00adcause, in the con\u00adtext of Trinidad and To\u00adba\u00adgo, we don\u2019t have the con\u00addi\u00adtions to tru\u00adly ben\u00ade\u00adfit from a de\u00adval\u00adu\u00ada\u00adtion.\u201d<\/p>\n

How\u00adev\u00ader, econ\u00ado\u00admist and for\u00admer in\u00adde\u00adpen\u00addent sen\u00ada\u00adtor Am\u00adri\u00adta De\u00adonar\u00adine is not is sup\u00adport of Ar\u00adjoon\u2019s call.<\/p>\n

She cau\u00adtioned that for\u00admal\u00adis\u00ading for\u00adeign ex\u00adchange con\u00adtrols should be ap\u00adproached with care, not\u00ading that leg\u00adis\u00adlat\u00ading how com\u00admer\u00adcial banks in\u00advest their for\u00adeign ex\u00adchange can on\u00adly be a tem\u00adpo\u00adrary mea\u00adsure.<\/p>\n

\u201cIf you\u2019re go\u00ading to sus\u00adtain that for a long pe\u00adri\u00adod, you\u2019ll en\u00adcounter dif\u00adfi\u00adcul\u00adties. When you\u2019re op\u00ader\u00adat\u00ading a man\u00adaged float\u00ading ex\u00adchange rate regime, it\u2019s chal\u00adleng\u00ading to im\u00adple\u00adment for\u00admal for\u00adeign ex\u00adchange con\u00adtrols be\u00adcause you would ef\u00adfec\u00adtive\u00adly be push\u00ading the coun\u00adtry back to where it was a few years ago,\u201d she ex\u00adplained.<\/p>\n

De\u00adonar\u00adine ar\u00adgued that com\u00admer\u00adcial banks will like\u00adly re\u00adtain au\u00adton\u00ado\u00admy in their dis\u00adtri\u00adb\u00adu\u00adtion de\u00adci\u00adsions, em\u00adpha\u00adsis\u00ading that the core is\u00adsue is that T&T is not earn\u00ading enough for\u00adeign ex\u00adchange. She said there is al\u00adso still no clear di\u00adrec\u00adtion for di\u00adver\u00adsi\u00adfy\u00ading the econ\u00ado\u00admy to gen\u00ader\u00adate for\u00adeign ex\u00adchange rev\u00adenue, which is part of the prob\u00adlem.<\/p>\n

\u201cTo me, the so\u00adlu\u00adtion is to re\u00advis\u00adit our growth strat\u00ade\u00adgy, find mean\u00ading\u00adful ways to earn for\u00adeign ex\u00adchange, and re\u00adthink the non-en\u00ader\u00adgy man\u00adu\u00adfac\u00adtur\u00ading sec\u00adtor, which has ben\u00ade\u00adfit\u00adted from nu\u00admer\u00adous in\u00adcen\u00adtives, al\u00adthough the gains may not be suf\u00adfi\u00adcient,\u201d she said.<\/p>\n

For\u00admer Fi\u00adnance Min\u00adis\u00adter Sel\u00adby Wil\u00adson al\u00adso con\u00adtend\u00aded that con\u00adtrol\u00adling for\u00adeign ex\u00adchange is not the way for\u00adward.<\/p>\n

\u201cI am gen\u00aduine\u00adly con\u00adcerned when peo\u00adple at\u00adtempt to in\u00adter\u00advene in the man\u00adage\u00adment of for\u00adeign ex\u00adchange. That presents a sig\u00adnif\u00adi\u00adcant prob\u00adlem,\u201d he said.<\/p>\n

Wil\u00adson re\u00adcount\u00aded an at\u00adtempt to con\u00adtrol for\u00adeign ex\u00adchange in the 1980s through the Trinidad and To\u00adba\u00adgo Ex\u00adchange Con\u00adtrol Act and ex\u00adpressed scep\u00adti\u00adcism re\u00adgard\u00ading banks in\u00advest\u00ading over\u00adseas.<\/p>\n

\u201cI\u2019m sure that more peo\u00adple are us\u00ading for\u00adeign ex\u00adchange and buy\u00ading for\u00adeign goods than the banks are in\u00advest\u00ading abroad,\u201d he said.<\/p>\n

Guardian Me\u00addia reached out to the Bankers\u2019 As\u00adso\u00adci\u00ada\u00adtion for com\u00adment but none was forth\u00adcom\u00ading up to press time.<\/p>\n

Cham\u00adbers want sol\u00adid mea\u00adsures<\/p>\n

Mean\u00adwhile, mem\u00adbers of the busi\u00adness sec\u00adtor al\u00adso want sol\u00adid mea\u00adsures to bring re\u00adlief.<\/p>\n

Con\u00adfed\u00ader\u00ada\u00adtion of Re\u00adgion\u00adal Busi\u00adness Cham\u00adbers chair\u00adman Vivek Char\u00adran said small and medi\u00adum en\u00adter\u00adpris\u00ades are des\u00adper\u00adate for a so\u00adlu\u00adtion and would sup\u00adport reg\u00adu\u00adla\u00adtion of for\u00adeign ex\u00adchange if it proves ben\u00ade\u00adfi\u00adcial.<\/p>\n

\u201cIf by the end of the year oth\u00ader banks fol\u00adlow suit and this US$5,000 cred\u00adit card lim\u00adit is fur\u00adther re\u00adduced to US$2,000, it will lead to a cri\u00adsis sit\u00adu\u00ada\u00adtion,\u201d he warned.<\/p>\n

Char\u00adran lament\u00aded that SMEs have faced for\u00adeign ex\u00adchange is\u00adsues for years, not\u00ading that many busi\u00adness\u00ades owe for\u00adeign sup\u00adpli\u00aders, ac\u00adcu\u00admu\u00adlat\u00ading in\u00adter\u00adest on their bills, which is ex\u00adac\u00ader\u00adbat\u00aded when banks are al\u00adso owed.<\/p>\n

\u201cI am very scared. I speak to peo\u00adple al\u00admost every day, and they ex\u00adpress their fear,\u201d he said.<\/p>\n

Not\u00ading that since April 2020, US$1.18 bil\u00adlion was dis\u00adtrib\u00aduted by the Ex\u00adim Bank to 110 dis\u00adtrib\u00adu\u00adtors of es\u00adsen\u00adtial goods to mit\u00adi\u00adgate short\u00adages, he said he be\u00adlieves the co\u00adhort was a small one. Char\u00adran ar\u00adgued that this amounts to around $400 mil\u00adlion a year, stress\u00ading that enough com\u00adpa\u00adnies did not ben\u00ade\u00adfit from the funds.<\/p>\n

He said small ex\u00adporters have lit\u00adtle in\u00adcen\u00adtive to store funds at lo\u00adcal banks due to their in\u00adabil\u00adi\u00adty to ac\u00adcess them when need\u00aded. Sim\u00adi\u00adlar\u00adly, he said Trinida\u00addi\u00adans work\u00ading abroad face com\u00adpa\u00adra\u00adble chal\u00adlenges.<\/p>\n

\u201cAny leg\u00adis\u00adla\u00adtion that fa\u00adcil\u00adi\u00adtates the eq\u00adui\u00adtable dis\u00adtri\u00adb\u00adu\u00adtion of for\u00adeign ex\u00adchange to busi\u00adness\u00ades across the board in Trinidad and To\u00adba\u00adgo would be a pos\u00adi\u00adtive de\u00advel\u00adop\u00adment,\u201d he con\u00adclud\u00aded.<\/p>\n

Ch\u00adagua\u00adnas Cham\u00adber of Com\u00admerce pres\u00adi\u00addent Bal\u00addath Ma\u00adharaj, mean\u00adwhile called on Im\u00adbert to re\u00advis\u00adit the SME forex fa\u00adcil\u00adi\u00adty promised in 2023 Bud\u00adget. <\/p>\n

He al\u00adso called on Im\u00adbert to com\u00admu\u00adni\u00adcate a clear pol\u00adi\u00adcy on the dis\u00adtri\u00adb\u00adu\u00adtion of for\u00adeign ex\u00adchange to sup\u00adport busi\u00adness sta\u00adbil\u00adi\u00adty and eco\u00adnom\u00adic growth.<\/p>\n

In a state\u00adment to Guardian Me\u00addia, Ma\u00adharaj said, \u201cThe on\u00adgo\u00ading for\u00adeign ex\u00adchange chal\u00adlenges un\u00adder\u00adscore the ur\u00adgent need for a sus\u00adtain\u00adable strat\u00ade\u00adgy to ad\u00address the na\u00adtion\u2019s cur\u00adren\u00adcy sup\u00adply. There have been some con\u00adcerns from busi\u00adness\u00admen re\u00adgard\u00ading the trans\u00adparen\u00adcy of al\u00adlo\u00adca\u00adtions to cer\u00adtain busi\u00adness\u00ades but this could not have been ver\u00adi\u00adfied. If a clear FX dis\u00adtri\u00adb\u00adu\u00adtion pol\u00adi\u00adcy is com\u00admu\u00adni\u00adcat\u00aded, busi\u00adness\u00ades can plan bet\u00adter for their sup\u00adplies.\u201d<\/p>\n

On the Sco\u00adtia\u00adbank cap, Ma\u00adharaj said this ad\u00adjust\u00adment im\u00adpacts the ca\u00adpac\u00adi\u00adty of card\u00adhold\u00aders to make for\u00adeign pur\u00adchas\u00ades, par\u00adtic\u00adu\u00adlar\u00adly for busi\u00adness\u00ades re\u00adliant on over\u00adseas sup\u00adpli\u00aders or ser\u00advices. <\/p>\n

He not\u00aded that the Sco\u00adtia\u00adbank de\u00adci\u00adsion mir\u00adrored a broad\u00ader trend among lo\u00adcal banks, which have been forced to adapt due to for\u00adeign ex\u00adchange short\u00adages im\u00adpact\u00ading the bank\u00ading sec\u00adtor over re\u00adcent years.<\/p>\n

\u201cThe busi\u00adness com\u00admu\u00adni\u00adty ful\u00adly un\u00adder\u00adstands the need for sig\u00adnif\u00adi\u00adcant sums to be al\u00adlo\u00adcat\u00aded to\u00adward sat\u00adis\u00adfy\u00ading cred\u00adit card set\u00adtle\u00adments as a pri\u00ador\u00adi\u00adty, yet these re\u00adduced lim\u00adits have sparked con\u00adcern among those who re\u00adly on US dol\u00adlars for es\u00adsen\u00adtial trans\u00adac\u00adtions,\u201d Ma\u00adharaj said. <\/p>\n

He added that when busi\u00adness\u00ades can\u00adnot source US dol\u00adlars to pay their sup\u00adpli\u00aders, they of\u00adten turn to the black mar\u00adket, which not on\u00adly rais\u00ades costs but erodes sup\u00adpli\u00ader con\u00adfi\u00addence in lo\u00adcal buy\u00aders\u2019 abil\u00adi\u00adty to re\u00adpay. <\/p>\n

\u201cThis ad\u00addi\u00adtion\u00adal ex\u00adpense ul\u00adti\u00admate\u00adly im\u00adpacts the fi\u00adnal con\u00adsumer, as busi\u00adness\u00ades are forced to raise prices to off\u00adset these in\u00adcreased costs. Con\u00adsumers, too, are di\u00adrect\u00adly af\u00adfect\u00aded, es\u00adpe\u00adcial\u00adly those who typ\u00adi\u00adcal\u00adly spend more than $2,000 on ho\u00adtels, rental cars, meals, and shop\u00adping while abroad,\u201d said Ma\u00adharaj.<\/p>\n

So\u00adcial me\u00addia abuzz with com\u00admen\u00adtary <\/p>\n

Frus\u00adtrat\u00aded cus\u00adtomers have al\u00adso tak\u00aden to so\u00adcial me\u00addia to lament Sco\u00adtia\u00adbank\u2019s de\u00adci\u00adsion. <\/p>\n

Ce\u00ado\u00adla Be\u00adlix with the X han\u00addle @Ce\u00ado\u00adlaB said, \u201cSco\u00adtia\u00adbank play\u00ading in our faces\u201d. <\/p>\n

In an ear\u00adli\u00ader tweet, she said, \u201cSco\u00adtia\u00adbank just an\u00adnounced it\u2019s re\u00adduc\u00ading its month\u00adly cred\u00adit card lim\u00adit from $3,000 to $2,000 USD and stop\u00adping all over\u00adseas ATM with\u00addrawals and point of pur\u00adchas\u00ades as of De\u00adcem\u00adber 1. Looks like the time has fi\u00adnal\u00adly come for me to switch banks.\u201d<\/p>\n

Shar\u00ading his thoughts on Face\u00adbook, so\u00adcial me\u00addia user Keron Rose lament\u00aded the forex cri\u00adsis, which he does not be\u00adlieve can be fixed in the next 20 years.<\/p>\n

He be\u00adlieves the so\u00adlu\u00adtion is to vote com\u00adpe\u00adtent peo\u00adple in\u00adto gov\u00adern\u00adment, and en\u00adcour\u00adaged cit\u00adi\u00adzens to search for in\u00adter\u00adna\u00adtion\u00adal jobs and seek for\u00adeign clients, as well as leave the coun\u00adtry.<\/p>\n

\u201cYou trav\u00adel and the low lim\u00adits on your cred\u00adit cards are get\u00adting you lots of de\u00adclined trans\u00adac\u00adtions…you can\u2019t even book a flight and a ho\u00adtel in the same month due to the low al\u00adlo\u00adca\u00adtions. You are fi\u00adnan\u00adcial\u00adly trapped in Trinidad and To\u00adba\u00adgo!\u201d he stressed. <\/p>\n

An\u00adoth\u00ader Face\u00adbook user, Ramesh Rat\u00ade\u00addram Ram\u00adnath, al\u00adso sig\u00adnalled his in\u00adten\u00adtion to leave the fi\u00adnan\u00adcial in\u00adsti\u00adtu\u00adtion. <\/p>\n

\u201cHi Sco\u00adtia\u00adbank, ef\u00adfec\u00adtive No\u00advem\u00adber 4th 2024, I would like to close all my ac\u00adcounts. Please do not email me again,\u201d he wrote, hav\u00ading tagged the in\u00adsti\u00adtu\u00adtion. \u2014With re\u00adport\u00ading by Geisha Kow\u00adlessar-Alon\u00adzo<\/span><\/p>\n<\/div>\n

Dion Drews
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DA\u00adREECE PO\u00adLO Se\u00adnior Re\u00adporter da\u00adreece.po\u00ad**<\/span>@*********<\/span>co.tt<\/span> The Gov\u00adern\u00adment and Fi\u00adnance Min\u00adis\u00adter Colm Im\u00adbert are be\u00ading urged to step in to reg\u00adu\u00adlate how banks dis\u00adtrib\u00adute for\u00adeign ex\u00adchange, with at least one econ\u00ado\u00admist sug\u00adgest\u00ading leg\u00adis\u00adla\u00adtion to lim\u00adit the amount of US dol\u00adlars banks can utilise for in\u00advest\u00adments in for\u00adeign mar\u00adkets as a short-term mea\u00adsure and busi\u00adnesses call\u00ading for<\/p>\n","protected":false},"author":1,"featured_media":812402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26943,284],"tags":[5247,5170],"class_list":{"0":"post-812401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-government","9":"tag-finance","10":"tag-government"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=812401"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/812402"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=812401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=812401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=812401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}