Business Watch: Business owners question minister on shortage of foreign exchange

One of the country's biggest business owners today asked the trade minister, how can the government continue to encourage businesses to diversify when there is no foreign exchange to support them?

Jeremy Matouk spoke frankly to minister Paula Gopee Scoon at the Trinidad union club's speaker series, even admitting that a lot of business owners are now relying on the black market.

Meanwhile, the central bank raises its repo rate.

Akash Samaroo has more in Business Watch.

 

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