The Forex Challenge

Trinidad and Tobago is grappling with what Economists call a severe Foreign Exchange challenge with potential impact for businesses nationwide. The country, which heavily relies on imports for trade with international partners, is now feeling the pressure as this Forex situation takes hold. This developing situation has been years in the making. As it persists, everyone is seeking solutions to mitigate the impact on the economy and local enterprises. To help us understand the seriousness of the Foreign Exchange crunch is Economist and Principal Consultant at VSL Consultants Ltd, Gregory McGuire.