Tuesday, February 20, 2018

TTMA: Forex a real challenge*

THE Trinidad and Tobago Manufacturers’ Association (TTMA) is challenged to find US dollars.
In a statement yesterday, the manufacturers said they noted the Central Bank’s comments as reported in the Express on Tuesday.
In the article, Central Bank Governor Dr Alvin Hilaire said the bank has not been directing commercial banks to give foreign exchange to specific companies.
“We don’t have exchange controls. We don’t direct or tell the banks to give it to A, B or C company,” Hilaire said.
“What we say is prioritise your trade transactions, and we’ve been doing that for a number of years, as well as your over-the-counter customers. It is certainly not a direction for a specific company or a specific activity,” he added.

Become a subscriber to the Trinidad Express Newspapers for access to all our articles via our vNEWS.

Subscribe to vNews | Log-In to vNews