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Republic Bank reduced the US-dollar spending limit on some of its credit cards by 50 per cent last week as a result of increased demand for foreign exchange and the prospect of reduced short-term inflows of foreign exchange, a Central Bank official said yesterday.
In what it described as an important notice issued last Friday afternoon, Republic Bank said, “Effective August 21, 2025, the maximum US dollar spending limit per billing cycle on Republic Bank credit cards will be US$2,500 or the US$ credit limit of the account, if less than US$2,500.
“This change includes all transactions conducted outside of Trinidad and Tobago as well as all international online transactions, including transactions where the chosen billing currency is TTD. These online transactions will be included in the US$2,500 billing cycle limit.
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