Finance Minister: Devaluing TT dollar won’t work for our economy
Finance
Business
September 9, 2025
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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.
Finance
Business
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