Dear Editor,
My attention was drawn to a statement by Trinidad & Tobago’s (T&T) High Commissioner to Guyana, Ambassador Conrad Enill. He asserted that there is no shortage of foreign currency (forex) in T&T in response to claims made by Guyana’s Vice President, Dr. Bharrat Jagdeo. To substantiate his claim, the Ambassador went onto state that Guyana’s foreign reserve is equivalent to 1.4 months import cover whereas T&T is the equivalent of 8.6 months import cover as of the end of 2022. However, the Ambassador’s figure for Guyana is incorrect. Guyana’s foreign reserve has improved from below 2 months import cover to 3 months import cover at the end of 2022.
Sincerely,
Joel Bhagwandin
