N@N

The big forex headache

The article from the Trinidad Express discusses the ongoing foreign exchange (forex) shortage in Trinidad and Tobago, which has persisted for over a decade, severely impacting businesses and the economy. Despite assurances from the Central Bank and Finance Minister Colm Imbert that the situation is improving, many businesses report difficulties in accessing foreign currency, leading to operational challenges and increased costs. The article highlights the discrepancy between official statements and the reality on the ground, where companies struggle with delayed or unfulfilled forex orders, affecting their ability to import goods and manage cash flows. It also touches on the broader economic implications, including potential increases in inflation and the cost of living, as well as the government's efforts to manage the situation through various financial mechanisms and policy adjustments.

Read the Full Trinidad Express Newspapers Article at:
[ https://trinidadexpress.com/business/local/the-big-forex-headache/article_f14394a0-af81-11ef-95e3-7fbc7d97ec5f.html ]