TSL wary of US dollar inflation

DIVERSIFIED firm TSL Limited says it is closely watching the growing US dollar inflation being witnessed in the market to ensure the group’s operations remain sustainable.

The US dollar inflation is a new term which refers to increased demand for the greenback as consumers convert the currency on the black market.

This has been made worse by Statutory Instrument 127 of 2021 which effectively bars and penalises the pricing of goods above the official auction rate.

This story is for NewsDay subscribers.