The government is again being urged to address the leakage of foreign exchange.

103.1FM News spoke today with economist Dr Vaalmiki Arjoon who weighed in on the recent decision by Republic Bank to reduce credit card limits from US$10,000 to US$5,000.

Dr Arjoon said small and micro enterprises (SMEs) rely on credit cards and are not the main cause of forex shortages.

Dr Arjoon said there is no benefit from transfer pricing, which involves multinational companies in T&T selling natural gas at lower prices to a subsidiary company, which then sells the product at higher prices on the international market.

He is hoping the upcoming budget includes measures to combat the leakage of foreign exchange.