foreign currency shortage, Trinidad & Tobago

The Surprising Upside of our Foreign Currency Issues

The need to attract greater Foreign Direct Investment (FDI) has now been brought to the forefront as an issue requiring urgent attention. Production levels had been steadily decreasing year on year. Oil output reduced from 145,000 barrels per day (bpd) in 2006 to 73,000 bpd in 2016, ie a reduction of $72,000 bpd or almost… Continue reading The Surprising Upside of our Foreign Currency Issues

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The Questions we should be asking about our current Foreign Exchange situation

Our local economy in Trinidad & Tobago is currently facing a growing Balance of Payments deficit arising out of low oil prices; the impact of which is even more potent for our commodity driven country. The need to attract more foreign exchange and preserve our existing level of cover is becoming more and more obvious… Continue reading The Questions we should be asking about our current Foreign Exchange situation