Complete Financial Report of Trinidad and Tobago

Basic Information

• Country ISO Code: TT

• Official Language: English

• Language ISO Code: en

• Current Official Currency: Trinidad and Tobago Dollar

• Currency ISO Code: TTD

Historical and Current Currencies of Trinidad and Tobago

1. Trinidad and Tobago Dollar (TTD) – Current Official Currency

• ISO Code: TTD

• Symbols: TT$ or $

• Singular Name: dollar

• Plural Name: dollars

• Monetary Subdivision: 1 dollar = 100 cents

• Fraction Name (singular): cent

• Fraction Name (plural): cents

• Initial Production Date: 1964 (introduction of the Trinidad and Tobago dollar)

• Final Production Date: ongoing

• Initial Circulation Date: 1964

• Final Circulation Date: currently in circulation

• Mint: Coins have been produced by various mints, including the Royal Canadian Mint and others.

• Issuing Authority: Central Bank of Trinidad and Tobago

• Coin Denominations: 1, 5, 10, 25, 50 cents; 1 dollar

• Banknote Denominations: 5, 10, 20, 50, 100 dollars

• Designs and Symbols:

  • Coins feature national symbols such as the Scarlet Ibis (national bird), the Steelpan (national instrument), and the Coat of Arms.

  • Banknotes depict prominent national figures, cultural motifs, and local flora and fauna.

• Historical Context:

  • The Trinidad and Tobago dollar replaced the British West Indies dollar in 1964 following independence movements and the desire for monetary sovereignty.

  • The currency has remained stable, managed by the Central Bank of Trinidad and Tobago, supporting economic growth and trade.

  • Inflation and monetary policy have been carefully controlled, with occasional redesigns and security upgrades of banknotes.

• Status: active and sole legal tender in Trinidad and Tobago.

• Curiosities:

  • Commemorative coins have been issued to celebrate national milestones, cultural heritage, and international events.

  • The currency is unique in the Caribbean for its distinctive cultural symbolism on coins and notes.

2. British West Indies Dollar (BWI$) – Historical Currency

• ISO Code: no longer in use

• Circulation Period: 1949–1964

• Context:

  • Used across British Caribbean territories, including Trinidad and Tobago, before the introduction of the national dollar.

  • Replaced by the Trinidad and Tobago dollar to establish monetary independence.

• Status: out of circulation

3. Colonial Currencies (Pre-1949)

• Prior to the British West Indies dollar, various colonial currencies circulated, including British sterling coins and notes, Spanish dollars, and other colonial issues.

• These currencies were gradually replaced as Trinidad and Tobago moved toward monetary sovereignty.

Economic and Monetary Context

• Trinidad and Tobago has a mixed economy with significant energy resources, manufacturing, and services.

• The Central Bank of Trinidad and Tobago oversees monetary policy, currency issuance, and financial stability.

• The Trinidad and Tobago dollar’s stability supports trade, tourism, and investment.

• The country has experienced periods of inflation and economic adjustment but maintains a relatively stable currency.

Summary Table

Additional Information

• Legislation: The Central Bank of Trinidad and Tobago Act governs currency issuance and monetary policy.

• Signatories on Banknotes: Typically include the Governor of the Central Bank and the Minister of Finance.

• Design and Production: Coins and banknotes are produced by various international mints with advanced security features.

• Commemorative Issues: Special coins commemorate independence anniversaries, cultural icons, and sporting events.

This report is prepared in English, the official and most widely used language of Trinidad and Tobago, based on authoritative and up-to-date sources.

If you wish, I can prepare the translation of this report into Brazilian Portuguese or provide further details.