(Trinidad Guardian) Finance Minister Colm Imbert has said he will look ” very carefully” into regulating access to forex distributed by private commercial banks.
The statement was posted to his X (formerly Twitter) account yesterday morning and was in response to calls from some businessmen and economists after Scotiabank’s announcement that it plans to reduce its maximum US dollar credit card spending limit, effective from 1 December.
Imbert wrote, ” The request by the media and some businessmen that the Minister of Finance regulate access to forex distributed by the private commercial banking sector is interesting.
This could be construed by other stakeholders as political interference, so I will look at this very carefully.”
