Saturday Dec 14, 2024
Saturday Dec 14, 2024
Tuesday, 22 May 2018 00:02 - - {{hitsCtrl.values.hits}}
Former Central Bank Governor Nivard Cabraal yesterday charged that the Yahapalana regime has borrowed high (6.2%) since election and invested low (2.2%) resulting in an interest gap of 4% on an average reserve of around $ 7 billion.
“It is clear that such practice has caused the country to suffer losses of about $280 million per year, or $840 million over the 3 years,” he claimed.
