Trinidad dollar throntonod with devoluation

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he Trinidad Mamiracturers' \ssocintion has called for devaluation of tho dollar, The Minister of finance has denied that the dellar will be devalued. The most sinister fact of all is that o delegation of the TF (International Monetary Fund), principal protagonists of devaluation in Chile, Argentina, Irazil and Venezuela, was recently in Trinidad to “lock around, ™

The construction industry, a good indicator of how the sconomy is meving, is in a state of paralysis, Trinidad, in spite of the babblings of OPEC still produces more crude oil for less revenue, A loan of $50 me cculd not be raised over the last four months, The Government has no doubt consulted with the If about shoring up ita currency.

And the IMF (i.e, U.S. financiors) will certainly demand susterity ae ond thé usual “control” over financial matters to make certain that things are as they ought to be. Prime Minister “illiams is not likely to buck, Te will continue to bend in the imporialist breoze. The Trinidad dollar will be devalued as sure as daylight. It is only a matter of time.