Central Bank Notifies Increase in Forex Loans Due to Rise in Demand for Foreign Exchange
Saturday, 13 July 2024, 05:37
Key Points:
The Central Bank of T&T reports a significant uptick of 25.4% in forex loans.
Highlights:
- Impact: Lower foreign currency conversions by energy-sector companies drove the surge in demand for foreign exchange.
- Trend: Increase in foreign currency borrowings noted alongside a decrease in foreign currency deposits.
The Central Bank's report indicates a noteworthy shift in forex activities within the region.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.