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Minister of Finance Davendranath Tancoo on August 22 has suggested the government’s drive to treat with the foreign exchange (forex) crisis has resulted in “fallouts” between the government and people who benefitted from the current forex system.

The minister made the statement while responding to questions from Newsday about the sudden resignation of First Citizens’ Group Financial Holdings chief executive officer (CEO) Karen Darbasie on August 20.

Newsday sent Tancoo questions about the resignation via Whatsapp on August 22.