Newsday Logo
Banner
spacer
Tuesday, August 22 2017
spacer

Latest

spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer

Entertainment

spacer
spacer
spacer
spacer

Opinion

spacer
spacer
spacer
spacer

Newsday Archives

spacer

Classifieds

Business (8)
Employment (121)
Motor (92)
Real Estate (170)
Computers (4)
Notices (15)
Personal (40)
Miscellaneous (25)
Second-hand stuff (1)
Bridal (38)
Tobago (83)
Tuition (48)

Newsletter

Every day fresh news


A d v e r t i s e m e n t


spacer
Search for:
spacer

A d v e r t i s e m e n t

Banner



Devaluation, a national currency fire sale

Sunday, August 13 2017

THE EDITOR: Devaluing T&Ts currency steals purchasing power for every citizen holding TT dollars as savings or to pay for daily goods and services. Devaluing the TT dollar by 25 per cent instantly devalues international purchasing power by 20 per cent. Such that any purchase made after weakening of the TT dollar by 25 per cent would buy 80 per cent of the same goods had the currency retained its exchange rate.

TT currency devaluation is advantageous for people who save in US and are paid in US.

Devaluation is a roundabout discount or concession to foreign countries.

Its a roundabout way of placing everything in the country up for fire sale, greatest of these is the skills and work output of all citizens paid in TT dollars.

Devaluation coupled with high-sounding local currency wages make employees seem unreasonable for demanding wages to cushion high cost of living.

B Joseph via email

spacer
    Print print
spacer
spacer

A d v e r t i s e m e n t

Banner

Top stories

 • SOMETHING CROOKED HAPPENED
 • Daughter pleads: Please find my father
 • Pensioner asks for help with schizophrenic son
 • Bad Eye charged with double murder
 • Give athletes units instead
 • Grade F for CXC

Pictures & Galleries


spacer
spacer
spacer

The Ch@t Room

Have something to say ?
Click here to tell us right now!

Ntouch

Click here to subscribe to Newsday Ntouch

RSS

rss feed

Crisis Hotline

Have a problem ?
Help is just phone call away.

spacer
Copyright © Daily News Limited | About us | Privacy | Contact
spacer

IPS Software by Agile Telecom Ltd


Creation time: 0.604 sek.