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(Barbados Today) Despite assurances by Prime Minister Freundel Stuart and Minister of Finance Chris Sinckler that there will be no devaluation of the Barbados currency under their watch, the international credit ratings agency Standard & Poor’s (S&P) is warning Barbadians that the dollar is still in danger.

S&P today warned that unless the Stuart administration did a better job at controlling its debt and restoring foreign reserves, the dollar was at risk of devaluation.

It was the same dire warning that the now fired Governor of the Central Bank of Barbados Dr DeLisle Worrell first gave in January and repeated last month, a week after both Sinckler and Stuart had insisted the dollar was safe as long as they were in office.

And speaking at a news conference on Monday, the Minister of Finance again assured Barbadians that there would be no devaluation as the country was not facing a “doomsday” scenario.

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