By Sue-Ann Wayow
FOREIGN exchange, including supply-demand dynamics and the outlook for improving access and efficiency, was a central topic of discussion during a meeting between the Central Bank of Trinidad and Tobago (CBTT) and business stakeholders.
On Thursday, the CBTT hosted a meeting with key representatives of the Downtown Owners and Merchants Association (DOMA).
The meeting formed part of Central Bank Governor Larry Howai’s continued commitment to active partnership with the business community since assuming office in June, a release from the CBTT stated.
The release stated that on the main topics of discussions, Howai presented a summary of the domestic economic recovery, repo rate, foreign exchange reserves, foreign exchange market transactions, settlement of credit card accounts, energy sector contribution to foreign exchange and the Bank’s role in supplementing the foreign exchange market supply through authorised dealers and special facilities.
Other matters discussed included macroeconomic conditions affecting businesses, the impact of market interventions, and opportunities for practical, coordinated solutions, particularly in areas where the Central Bank and business stakeholders can work together more effectively.
Howai was accompanied by the Deputy Governor and other members of the bank’s management.
He led the session by stating the purpose of the engagement as a forum for open and constructive dialogue and collaboration on specific suggestions to address shared national challenges.
Howai said, “The Central Bank remains firmly committed to working alongside our partners in the business sector to strengthen economic confidence and resilience. These engagements are not just a matter of course, they reflect our belief that through honest exchange and shared responsibility, we can find ways forward, even in a challenging environment.”
The DOMA representatives expressed their gratitude for the forum and the early invitation from the governor. They engaged in lively discussions and shared preliminary ideas for the bank’s consideration.
They also committed to formally submitting their suggestions to Howai following the meeting.
