New Central Bank Governor Larry Howai inherits a structural crisis decades in the making—but the data reveals uncomfortable truths about T&T's foreign exchange dependencies

PORT-OF-SPAIN,  Trinidad and Tobago, July 30, 2025 - Central Bank Governor Larry Howai's recent admission that solving Trinidad and Tobago's foreign exchange challenges remains "some way off" represents more than diplomatic caution—it's an acknowledgment of a structural crisis that exposes the dangerous fragility of the nation's economic foundation.