A lobby for Dr. Ashni Singh

Jul 15, 2015 Letters

Dear Sir,
He is friendly, urbane and sincere. He has the right balance between standing up for principles and the need for diplomatic compromise. He is much liked and respected by those who worked for him and those who come into contact with him; he has a practical approach to problems.
He understands policies in finance, business, economics and commerce; he is driven by a visceral urge to move his country’s economy even when big economies around the world are showing negative growth and others are failing; he is a rational economist even in moments of anguish.
Dr. Ashni K. Singh is a man of immense dedication. His personal friends confirm his assiduousness and competent qualities. This gem is a living example of a truly great public servant. He would stay up many nights to solve critical issues concerning his country’s economy.
He knows exactly what to do to stimulate economic activities in a changing environment influenced by big economies and when circumstances look bleak. He has the ability to make fiscal decisions even in situations of escalating global uncertainties. For the past eight years Dr. Singh has maintained constant economic growth and a stable US dollar exchange rate coupled with low inflation rate and financial stability in Guyana’s economy.
In 2014 when the US dollar exchange rate was getting out of control. Dr. Singh summoned the large scale gold producers and dealers to a meeting. He wasted no time; he looked like a man eager to finish his business and achieve his objective.
He said, “Gentlemen, thank you for coming, the President spoke highly of your patriotism and contribution to our economy, the situation is that the US dollar is now trading at 215 for one and if you withhold your trading activities it can very well reach 220 for one, with the potential to go even higher.
“This will have a negative impact on our economy and will ultimately raise the cost of living by approximately 15% for our citizens. I cannot impose price control because we have a free market policy”. His eyes focused fiercely into our faces. His voice was steady, his appeal and message was convincing.
In this man we saw the superiority of financial wisdom. Ultimately, we all agreed to comply and work towards a stable exchange rate for the US dollar and to fix the banking system rate of exchange.
Dr. Singh leadership within the Ministry of Finance and as a Member of Parliament was exceptional, magnanimous and exemplary. He has provided optimism and confidence to Guyana’s evolving economy. He has enormous experience and foresight and the ability to delegate. We cannot allow this brilliant accountant and economist to be on the sideline, Guyana needs his wealth of expertise.
I am confident he will give it willingly if sought. I urge our new government to use the skills of this great economist.
Nazar Mohamed

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A lobby for Dr. Ashni Singh

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