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Greater effort needed to address Foreign Exchange issue

NewsA senior business official believes greater effort is needed to resolve challenges surrounding the availability of foreign exchange.

In a statement the Central Bank said in May 2014, it sold $US250 million to authorized dealers.

For the year-to-date, the Central Bank said it injected US$660 million into the financial system, US$130 million more than the corresponding period in 2013.

The Bank added it also sold US$50 million to authorized dealers on June 5th 2014.

Speaking with media of the media this week , Trinidad and Tobago Chamber of Industry and Commerce Chief Executive Officer, Kathrine Kumar, said there is need for teamwork to address challenges that arise relating to the availability of foreign exchange.

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