Subject: RECAP: TTMA members still unable to access
US currency
TTMA members still unable to access US currency
Published:
Thursday, July 17, 2014
The T&T Manufacturers’ Association (TTMA) has said
its members continue to experience severe problems accessing United States
currency.
In a statement issued yesterday, the business body said,
“Our manufacturers have continued to express their frustration at being unable
to access US currency to make their payments to foreign suppliers. TTMA has met
with the relevant authorities in T&T in an effort to address the problem,
and despite assurances of a speedy resolution, surveys within our membership
have shown that the problem persists for most companies and in some cases have
worsened...
“The TTMA calls on the Central Bank, the Ministry of
Finance and the banking and financial institution sector to work together to
fix the problem. It is no comfort to be told that there is enough foreign
exchange to meet demand when all evidence is to the contrary.”
No comments:
Post a Comment