Trinidad and To­ba­go’s net of­fi­cial for­eign re­serves to­talled US$5.747 bil­lion at the end of Ju­ly, the high­est lev­el in more two years, ac­cord­ing to in­for­ma­tion in the Cen­tral Bank’s Da­ta Cen­tre. The last time the coun­try’s for­eign re­serves ex­ceed­ed the Ju­ly num­ber was in June 2024, when the re­serves amount­ed to US$5.983 bil­lion.

The for­eign re­serves for Ju­ly 2026 pro­vid­ed 6.7 months of im­port cov­er for T&T, while the re­serves for June 2024 were enough to cov­er 8.4 months of ex­port cov­er.

Asked what ac­count­ed for the in­crease in the net of­fi­cial for­eign re­serves, the Cen­tral Bank said last Wednes­day the re­cent in­crease is pri­mar­i­ly at­trib­ut­able to the re­ceipt of pro­ceeds from a US-dol­lar bond trans­ac­tion con­duct­ed by the Gov­ern­ment of Trinidad and To­ba­go (GORTT).