The rise in the customs exchange rate does not automatically mean that retailers must increase their prices. Minister Rishma Kuldipsingh of Economic Affairs, Entrepreneurship, and Technological Innovation (EZ) emphasizes that it is important for entrepreneurs to base their prices on the cost price and the customs exchange rate at the time of purchase.
If retailers have procured goods at a certain price, they are not obligated to adjust those prices immediately, even if the customs exchange rate has increased, as it has recently. This helps maintain stability in the market and prevents consumers from being directly impacted by price increases. The minister made this clear on Wednesday before the weekly Council of Ministers (RvM) meeting.
Minister Kuldipsingh discusses an important aspect of price control. The EZ monitors prices based on invoices and purchase receipts. If entrepreneurs cannot provide these documents, they risk facing strict penalties. The Economic Control Service (ECD) ensures that expired and prohibited products are removed from the market and that entrepreneurs adhere to guidelines. This contributes to a fair market and protects consumers.
The minister underscores the importance of lower prices for the community and is determined to take stricter action against entrepreneurs who violate the rules. “Given the challenges of importing and the impact of global events on prices, it is understandable that it is difficult to lower prices quickly,” she says. According to Kuldipsingh, consumers also play an important role by being mindful of their purchases.
Through the complaints center, consumers can better make their voices heard. The three-step procedure for imposing fines and closures is an effective way to encourage entrepreneurs to comply with the rules. This system, which involves the Public Prosecution Service (OM) in determining fines, provides a clear and structured approach to violations.
- Groningse kinderhartmissie voor derde keer op missie in Sur…..
- Klant koopt sieraden voor partner met nep overmakingsbewijs..
- Zuid-Korea doneert medische apparatuur ter waarde van US$ 1…..
- Nieuwe behandelmethode voor Leishmaniasis in Suriname..
- Drie jaar geëist tegen eigenaren Doksenclub voor verduister…..
- Onderwerp: President Yang, schors Israël nu van de VN!..
- Deel vakantiejobbers nog niet uitbetaald door ministerie AW…..
- Wel gewonden bij verwoestende brand Antonio do Brinco..
- DC Coronie wil spoedgesprek met de president over bedroeven…..
- Jeugdige maakt zich schuldig aan moord en het wegmaken van …..
- Ten years of the Basic Care Act: improved services, but fur…..
- ‘Inflatiedaling in juli 2024 door wisselkoersverlaging’..
- Consumentenprijzen gemiddeld met 0,9% gestegen in september..
- COVAB krijgt institutionele versterking van Zuid-Korea..
- Sharmila Nanda kan dood dochter niet verwerken; wil het wre…..
- De oorlog die splitsing bracht (2): ‘Inheemse gemeenschappe…..
- 42-jarige man aangehouden na schietincident op De Boerbuite…..
- Kennedy School opens FabLab for students with special needs..
- BPN registreert boerendie geen compensatie hebben ontvangen..
- Internationale federatie kan bijstaan bij preventie tienerz…..
- Van der San voorspelt dat president een minister en onder-m…..