PORT OF Spain, Trinidad, CMC—Finance Minister Colm Imbert Monday mentioned he would examine the Hyatt Regency lodge’s choice to not settle for the Trinidad and Tobago forex (One TT greenback = 0.16 cents) and like currencies from america and Europe.
In an announcement posted on Fb and different social media platforms over the weekend, the state-owned lodge mentioned the measure would take impact on November 1 this yr.
“Efficient November 1, 2024, all transactions at Hyatt Regency Trinidad shall be primarily cash-free for a quicker, smoother, and safer expertise. We settle for all main bank cards, debit playing cards, and solely US {dollars}, British pound sterling, and Eurodollars.”
Nevertheless, in an announcement posted on X, previously Twitter, Imbert mentioned that Hyatt lately introduced a” contentious choice to cease accepting TTD money whereas accepting USD and GBP money, which it rapidly rescinded.
“As a sole company, the MOF ( Ministry of Finance) has no oversight function over the operations of Hyatt however will examine the forex facet of the matter,” Imbert mentioned.
The lodge has since apologized for the assertion concerning cashless fee choices, saying it was prematurely distributed and contained inaccurate info.
The lodge’s normal supervisor, Michael Hooper, mentioned that “at the moment,” Hyatt Regency Trinidad is not going to change its fee course of.
“A message concerning cashless fee choices on the Hyatt Regency Trinidad lodge was prematurely distributed with inaccurate info. Presently, we is not going to be implementing any modifications to our fee course of. We apologize for any confusion or inconvenience prompted,” Hooper mentioned.
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