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PM: no devaluation of the TT dollar

Prime Minister Dr Keith Rowley insists he will not devalue the TT dollar.

His defiant statement came in the Parliament today, as he questioned the intention of those calling for the move.

He was at the time responding to a question about urgent measures to address restrictions on access to foreign currency.

According to Dr Rowley, Government directly injects US$2.5 billion per year, however he says there has been a recent clear increase in demand.

According to Dr Rowley, the Finance Minister has already met with the four major banks and will now meet with business organizations over the course of the next month.

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