UNC denies plan to float TT dollar despite PM’s claims

Unit­ed Na­tion­al Con­gress (UNC) deputy leader Dr Roodal Mooni­lal has la­belled Prime Min­is­ter Stu­art Young’s claim that the UNC will de­val­ue the TT dol­lar if elect­ed in­to gov­ern­ment a “scare tac­tic.”

Speak­ing at the Peo­ple’s Na­tion­al Move­ment’s (PNM) pub­lic meet­ing in San Fer­nan­do on Wednes­day, Young claimed that un­der a UNC-led gov­ern­ment, the TT dol­lar could be de­val­ued to fif­teen dol­lars to one US dol­lar.

He al­so warned that UNC’s cam­paign promis­es were not a “bag of good­ies,” but “poi­son” and would ul­ti­mate­ly lead T&T to seek as­sis­tance from the In­ter­na­tion­al Mon­e­tary Fund (IMF).