Central Bank Focusing on Needs-Based Forex Allocation
The Central Bank of T&T (CBTT) is placing forex allocation reform at the forefront of its strategic agenda due to persistent foreign exchange imbalances and mounting stakeholder concerns.
As it enters the final year of its 2021 to 2026 strategic plan, the bank is shifting from broad-based policy modernization to more surgical interventions, including a transition toward a needs-based forex distribution model.
This approach aims to prioritize critical sectors such as healthcare and education over discretionary consumption, aligning currency management with national development imperatives.
The bank is shifting from broad-based policy modernization to more surgical interventions.
Author's summary: Central Bank prioritizes needs-based forex allocation.
- Forex allocation reform is a key part of the Central Bank's strategic agenda.
- The bank is transitioning to a needs-based forex distribution model.
- Critical sectors such as healthcare and education will be prioritized.
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