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Tuesday, March 3, 2009
There is a foreign currency shortage in Trinidad and Tobago as a result of the mounting demand for the United States dollars.
Business owners are concerned that they may not be able to restock their shelves since they would be unable to pay for the imported goods from North America and Asia.
The Central Bank has had to intervene and they have pumped US$280 million into the financial system five times between January and February to satisfy the demand for dollar bills.
A financial source suggested that energy companies have slowed production and this may have impacted on the government's tax intake.
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