Motions

WHEREAS section 2(1) of the Treasury Bills Act, Chap. 71:40 provides that the Minister of Finance and the Economy may borrow in Trinidad and Tobago such sum or sums not exceeding in the aggregate, two thousand million Trinidad and Tobago dollars or the equivalent thereof in any foreign currency or currencies and such further sum or sums as may be specified by resolution of Parliament, or the equivalent thereof in any foreign currency or currencies, by the issue of Treasury Bills;

AND WHEREAS it is necessary for the Minister of Finance and the Economy to borrow further sums of money for the purpose of facilitating the conduct of open market operations by the Central Bank of Trinidad and Tobago:

BE IT RESOLVED that for the purposes of facilitating the conduct of open market operations by the Central Bank of Trinidad and Tobago, the Minister of Finance and the Economy is hereby authorized to borrow such further sum or sums in Trinidad and Tobago, not exceeding in the aggregate, thirty thousand million Trinidad and Tobago dollars or the equivalent thereof in any foreign currency or currencies, by the issue of Treasury Bills.

(By the Minister of Finance and the Economy)