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A ‘mis­di­ag­no­sis of the sit­u­a­tion’ says for­mer Cen­tral Bank deputy gov­er­nor Dr Ter­rence Far­rell as he em­pha­sis­es that gov­ern­ments need to un­der­stand that there are cer­tain things that they shouldn’t even both­er to ask cen­tral banks when it comes for for­eign ex­change al­lo­ca­tion.

He spoke to the Busi­ness Guardian on the heels of last week’s fir­ing of Dr Alvin Hi­laire as Gov­er­nor of the Cen­tral Bank of T&T (CBTT).

While no of­fi­cial rea­son has been ex­plic­it­ly stat­ed by the gov­ern­ment, Prime Min­is­ter Kam­la Per­sad-Bisses­sar told the June 5 post-Cab­i­net news con­fer­ence that Hi­laire was re­fus­ing to di­vulge in­for­ma­tion on the top users of for­eign ex­change in the coun­try. This re­fusal is be­lieved to be the cat­a­lyst for his dis­missal.