Finance Minister Dave Tancoo has dismissed claims that T&T’s dollar is heading towards a devaluation.
Speaking at a media conference at the UNC headquarters yeaterday, he accused the PNM of fearmongering and attempting to distract the public with this issue.
Meanwhile, Mr Tancoo also revealed the successful completion of a US$1 billion Sovereign Bond issuance in the U.S. market.
He said he approached the PM with this step, against this backdrop of positive growth momentum.
The Finance Minister says they are also working on a new NIF Bond and a Real Estate Investment Trust (REIT).
He says both will contribute to the development of the stock market and the domestic investor base.
