There are no plans to devalue the Trinidad and Tobago currency.
Confirmation of this comes from Minister of Finance, Colm Imbert.
Minister Imbert made the remark as he responded to a question posed to him on the subject by the Opposition Senator, Wade Mark.
In his response, Minister Imbert said on page thirty seven of Article Four Consultation between this country and the International Monetary Fund, it was highlighted the authorities prefer to maintain the status quo with respect to the exchange rate regime.
Minister Imbert said this position was indicated under the headed monetary and exchange rate policy there is no need at this time to take this course of action.
The Finance Minister also highlighted some of the strong economic factors which have put this country in a favourable position such as adequate foreign reserves.