Kenneth Sharpe warns govt against de-dollarising after 2025

The Newsday reports that property mogul Kenneth Sharpe has urged government to continue using the United States dollar after 2025.

This comes after the government said it will de-dollarise in 2025 to maintain economic stability.

Sharpe said the sustainability of the growth of the GDP can only be possible with a stable currency unit.

“We need to see the continuation of a stable currency unit in this economy to continue to grow it,” he said.

Kenneth adde that the US dollar is probably about 70% to 80% of the economy, “which means that the growth that has taken place is courtesy of the US dollar.”