Devaluation, a national currency fire sale

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.

It’s 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.

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