Jan 2015 Financial News

Central Bank makes US$200m injection

Jan 17, 2015

The Central Bank sold US$200 million to authorised dealers on Thursday in what was its first foreign exchange intervention for the year. The sale was aimed at easing some of the outstanding demands for foreign exchange especially those coming from the business community. 

In a brief statement yesterday, the bank said: “This first sale was also timed to bring relief to the market as January typically sees lower conversions of foreign exchange by energy companies. The Central Bank is due to release its Monetary Policy Announcement on January 30, at which time it will provide details on the impact of falling energy prices on the country’s balance of payments and the domestic foreign exchange market.

Source:
Trinidad Guardian
Saturday January 17, 2015

http://www.guardian.co.tt/business/2015-01-17/central-bank-makes-us200m-injection