Thursday, January 26, 2017

Consequences of The Central Bank of Trinidad & Tobago Debasing The $TT

The Trinidad and Tobago Central Bank (TTCB) has debased / eroded the $TT by expanding the money supply (printing too much money) that it now has to change the Metal Composition of the 5, 10, 25 cent coins and eliminate the 1 cent coin altogether. 

P.S. this is also why there's a shortage of available $US in the local system as the increased supply of $TTs aggressively demand available $US. 



No comments:

Post a Comment

You can easily comment anonymously if you'd like.