Trinidad and Tobago dollar

Infobox Currency
iso_code = TTD
using_countries = Trinidad and Tobago
inflation_rate = 11.3%
inflation_source_date = [http://www.central-bank.org.tt/ Central Bank of Trinidad and Tobago] , July 2008
pegged_with = United States dollar = TT$6.25050 cite web
title="Trinidad and Tobago's dirty peg to the US dollar and inflation galore: Fateful days for the economy"
url=http://www.caribbeannetnews.com/cgi-script/csArticles/articles/000033/003347.htm
publisher=Caribbean Net News
date=September 19, 2006
author=Brittany Bond ]
subunit_ratio_1 = 1/100
subunit_name_1 = cent
symbol = $
frequently_used_coins = 1¢ , 5¢ , 10¢ , 25¢
rarely_used_coins = 50¢ , $1
used_banknotes = $1, $5, $10, $20, $100
issuing_authority = Central Bank of Trinidad and Tobago
issuing_authority_website = www.central-bank.org.tt

The dollar (currency code "TTD") is the currency of Trinidad and Tobago. It is normally abbreviated with the dollar sign $, or alternatively TT$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents.

"For earlier currencies, see Trinidadian dollar and Tobagan dollar."

History

The dollar was introduced in 1898. It circulated alongside the British pound, with 1 dollar = 4 shillings 2 pence. From 1935, the currency was equivalent to the British West Indies dollar. In 1951, notes of the British Caribbean Territories, Eastern Group, were introduced, replacing Trinidad and Tobago's own notes. In 1955, coins were introduced when the dollar was decimalized. In 1964, Trinidad and Tobago introduced its own dollar, replacing the East Caribbean dollar at par.

Coins

In 1966, coins were introduced in denominations of 1, 5, 10, 25 and 50 cents. A large sized 1 dollar coin was first released for circulation in 1969 and again in 1979 before being replaced with a smaller sized version in 1995 more regularly minted. The 1 and 5 cents are struck in bronze, with the other denominations in cupro-nickel. The obverses all feature Trinidad and Tobago's coat of arms, with the reverse designs solely featuring the denomination until 1976, when they were replaced by either a national bird or flower in addition to the denomination after the declaration of a republic. The 50 cent and 1 dollar coins are scarcely seen in circulation.

Banknotes

In 1898, the Colonial Bank introduced 20-dollar notes. These were followed in 1901 by 5 dollars. 100-dollar notes were also issued. The last notes were issued in 1926, after which the Colonial Bank was taken over by Barclays Bank, which issued 5-, 20- and 100-dollar notes until 1941.

In 1905, notes were introduced by the government in denominations of 1 and 2 dollars, followed by 5 dollars in 1935 and 10 and 20 dollars in 1942.

The Royal Bank of Canada introduced 5-, 20- and 100-dollar notes in 1909. From 1920, the notes also bore the denomination in sterling. 100-dollar notes were not issued after 1920, whilst the 5 and 20 dollars were issued until 1938. The Canadian Bank of Commerce introduced 5-, 20- and 100-dollar notes in 1921, with the 5- and 20-dollar notes issued until 1939.

In 1964, the Central Bank of Trinidad and Tobago introduced notes for 1, 5, 10 and 20 dollars. 50- and 100-dollar notes were issued in 1977, although the 50-dollar note was not continued. The reverses of the current notes feature the Central Bank Building of Trinidad and Tobago. The obverses have the coat of arms in the center, a national bird and a place in Trinidad, such as a market, petroleum refinery, etc. In 2002, new 1 and 20 dollar notes were introduced. In 2003 new 1, 5, 10 and 100 dollars were also introduced. The notes were only slightly changed; they now have more security features and darker color. Recently, more security features have been added to the notes by the Central Bank of Trinidad and Tobago.

Banknotes in circulation are
*$1 (red)
*$5 (green)
*$10 (grey)
*$20 (purple)
*$100 (blue)

ee also

* Central banks and currencies of the Caribbean
* Economy of Trinidad and Tobago
* [http://numismondo.com/pm/tto/TtoP.S153100TrinidadDollars2.1.19206or7known.jpg1920 Trinidad and Tobago banknote (obverse)]
* [http://numismondo.com/pm/tto/TtoP.S153100TrinidadDollars2.1.19206or7knownr.jpg1920 Trinidad and Tobago banknote (reverse)]

References

*numis cite SCWC | date=1991
*numis cite SCWPM | date=1994
*numis cite SCWPM | date=1990.s

External links

Standard numismatics external links
world_coin_gallery_1_url = Trinidad
world_coin_gallery_1_name = Trinidad and Tobago
banknote_world_1_url = trinidad&tobago
banknote_world_1_name = Trinidad and Tobago
dollarization_1_url =
dollarization_1_name =
gfd_1_url = Trinidad_and_Tobago
gfd_1_name = Trinidad and Tobago
gfd_data_1_url = 6149
gfd_data_1_name = Trinidad and Tobago Dollar
show_gfd_excel = Y

* [http://www.central-bank.org.tt/notes_and_coins/index.php?pid=7001 Pictures of Trinidad and Tobago banknotes]