| | | | | | | | | | November 30, | | | August 31, | | | 2022 | | | 2022 | Short-term restricted cash | | $ | 2,873 | | | $ | 3,013 | Long-term restricted cash | | | 10,871 | | | | 10,650 | Total restricted cash(1) | | $ | 13,744 | | | $ | 13,663 |
(1)Restricted cash consists mainly of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama. In addition, the Company is required to maintain a certificate of deposit and/or security deposits of Trinidad dollars, as measured in U.S. dollars, of approximately $8.4 million with a few of its lenders as compensating balances for several U.S. dollar denominated loans payable over several years. The certificates of deposit will be reduced annually commensurate with the loan balances.
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