Have you ever wondered why it’s hardest to get foreign currency in T&T, despite being one of the few countries in the Caribbean (usually) with a current account surplus, and which abandoned FX controls years ago? Makes no sense, right? Well, here I explain
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@Marladukharan
I've been tieing myself in knots trying to explain some of this for the Vanguard. This is great! Thanks for writing 🙏🏾
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@Marladukharan
Thank you the article, I have one question, is the errors and omissions issue linked to money laundering? I think this is an area where more investigative emphasis by govt needs to be placed.
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@Marladukharan
It appears you may be reading a hell lot of IMF reports which claim to be objective (arguably not). It spews neoliberal ideology and not good on causality. You may want to consult some very rich emerging literature on this matter. I can forward some papers
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@Marladukharan
Many flaws in this commentary. I will deal with two: 1/ volatile levels of foreign investment affect the current account which in turn affect the exchange rate. 2/ accumulating foreign reserves at the CB has become a norm as insurance mechanism and not for consumer distribution
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