According to press reports, a staff mission from the International Monetary Fund (IMF) recently called on the Ministry of Finance and the Central Bank in Trinidad & Tobago to remove all foreign exchange restrictions.

The report noted that the IMF argues that the move will create a more investment-friendly business environment that will drive the diversification of the T&T economy.

It also noted that the IMF team suggested that T&T should remove foreign exchange restrictions while providing enough foreign exchange to meet the demand for all current international transactions.

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Edited by Jesus Chan

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