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Former finance minister Colm Imbert has questioned why United National Congress (UNC) supporters have gone quiet after Central Bank Governor Larry Howai dismissed long-standing claims of a foreign exchange cartel in T&T.
In a post on X Saturday, Imbert wrote: “For 10 years, the Opposition insisted that there was a forex cartel in T&T. Now that the new UNC CBTT Governor has confirmed that there is no such cartel and that credit card usage has increased by 400 per cent, thus creating a demand and supply problem, the UNC trolls are oddly silent. Why?”
Imbert’s remarks followed Howai’s media engagement on Thursday, where he was asked directly about the existence of a cartel. The governor, a former finance minister in the People’s Partnership administration, was unequivocal saying, “From our perspective, we have no evidence of a cartel.”
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