Government plans to establish an agenda to determine the causes and effects of the increased demand for foreign exchange.
It will also seek to design strategies to deal with the current challenges and establish the most appropriate policy for the allocation, management and distribution of foreign currency.
The Minister of Finance said he met with stakeholders, including the Central Bank, commercial banks and representatives from the business community to come up with solutions.
It was also revealed new arrangements for preferential access to foreign exchange for qualified Small and Medium Enterprises will be introduced in 2024.
The Minister said commercial banks, the T&T Chamber of Industry and Commerce and the EXIM Bank have already provided very useful recommendations in this regard.