THE EDITOR: On December 23, while attempting to purchase an Amazon gift card, I encountered the inconvenience of my bank imposing blocks on transactions with certain foreign organisations, including Amazon.
The agent explained that this measure aims to protect against potential card compromise, but the removal of the block requires a cumbersome process involving a call, typically associated with prolonged waiting times at the Credit Card Centre. This time-consuming ordeal seems more aimed at causing frustration than enhancing security.
This experience resonates with recent frustrations arising from the reduction of credit card limits to US$5,000 per cycle. This decision, coupled with stringent conditions on usage, particularly impacts citizens facing difficulties accessing forex for essential commitments. It's disheartening to witness such knee-jerk regulations exacerbating contentious issues surrounding the equitable distribution of scarce foreign exchange.
While refraining from taking sides in the ongoing debate, it's evident that hasty regulations contribute to the challenges citizens face. It's noteworthy that decision-makers implementing these regulations may not personally experience the repercussions, further underscoring the disconnect between policy decisions and their real-world impact on individuals.
RICHARD TRESTRAIL
via e-mail
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