Imbert Challenges Calls for Currency Devaluation

Former Finance Minister of Trinidad and Tobago, Colm Imbert, has voiced criticism against affluent persons possessing substantial offshore US dollar holdings, accusing them of advocating for the devaluation of the country’s currency. In a recent social media update, Imbert expressed his dismay at the apparent disregard shown for the less fortunate segment of the population amid these calls for devaluation, specifically referencing the 10,000 unemployed workers of the Community-Based Environmental Protection and Enhancement Programme (CEPEP). He highlighted that these individuals would be adversely impacted if the exchange rate were to shift to TT$10 to US$1. Imbert cautioned that basic commodities, including bread, could become out of reach for average citizens under such potential currency devaluation.