The president of the Downtown Owners and Merchants Association (DOMA) believes too much fuss is being made over the alleged counterfeiting of the new one hundred dollar polymer note.
A video circulating on social media purporting to show the fake bill has raised questions about its security features.
However, according to Gregory Aboud, copying the recently introduced new note is not as easy as it seems.
Mr Aboud is confident that the roll out of the new blue bills will combat counterfeiting.
The Downtown Owners and Merchants Association (DOMA) is advising that its member businesses will continue accepting the cotton based $100 notes, until the deadline date of Tuesday 31 December 2019.
In an official statement issued today, DOMA expressed concerned that some businesses are refusing to accept old $100 currency notes beyond December 15th 2019.
The organisation says such a move will only make the transition period even more confusing and stressful for everyone concerned, and is advising businesses to do their part to make the process as smooth as possible.
The Downtown Owners and Merchants Association has issued a security advisory to its members warning them to avoid areas around the east dry river in Port-of-Spain where there have been reports of gun battles between rival criminal gangs in recent days.
The DOMA advisory says quote "the Piccadilly street /Dry River route is a very popular transit/shortcut for those departing Port-of-Spain to go east, usually exiting in the area of Besson street to join the Beetham highway or the eastern main road
Doma is advising its members to avoid the route until further notice.
The Downtown Owners and Merchants Association (DOMA) is expressing "guarded optimism" regarding the announcement by Mayor Joel Martinez and Deputy Mayor Hillan Morean to ‘’reduce’’ the activity of wreckers in “Port-of-Spain” by 50 percent.
The Downtown Owners and Merchants Association (DOMA) says the silence of major interest groups to the high rate of murders of prison officers, is not serving the country well.
DOMA says there must be an urgent response to the murders of prison officers.
The organisation issued the following statement on Wednesday:
"We wish to offer sincere condolences and sympathy to the family and friends of Prison Officer Darren Francis.
Police Commissioner Gary Griffith has met with members of the Downtown Owners and Merchants Association (DOMA), where security and law and order issues were discussed.
The meeting took place on Wednesday.
A police statement said that the meeting was held at the request of DOMA President, Gregory Aboud, and afforded Commissioner Griffith the opportunity to hear first-hand the concerns of the downtown Port of Spain business community.
Among the concerns raised were the safety of shoppers and parking in the capital city.
The Downtown Owners and Merchants Association (DOMA) says the nominee for the post of Commissioner of Police, Gary Griffith, has attracted its attention.
DOMA issued a statement on Tuesday, critical of the approach taken by the Police Service Social and Welfare Association.
"We wish to join with a wide cross-section of the national community in expressing surprise at the comments attributed to the Police Service Social and Welfare Association on the possible appointment of Captain Gary Griffith as Commissioner of Police.