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Fi­nance Min­is­ter Dave Tan­coo is dis­miss­ing calls to de­val­ue the Trinidad and To­ba­go dol­lar, warn­ing that such a move would do more harm than good to the na­tion­al econ­o­my.

His com­ment to Guardian Me­dia yes­ter­day came in re­sponse to busi­ness­man Emile Elias, who re­cent­ly ar­gued that ad­just­ing the ex­change rate from TT$6.79 to US$1, to TT$9TT to US$1, could bring eco­nom­ic ben­e­fits.

Tan­coo, how­ev­er, coun­tered that de­val­u­a­tion un­der the coun­try’s cur­rent eco­nom­ic struc­ture would wors­en in­fla­tion and sti­fle growth.