Banking Operations

 

The Banking Operations Department facilitates all operations of the Bank with particular emphasis on the issuance and redemption of domestic currency whereby it arranges for the printing of notes and minting of coins for circulation in Trinidad and Tobago, the safe custody of unused stocks of currency and the issuance, re-issuance and redemption of currency to the public through the commercial banks.

 

The Department also provides the following services:

  • Banking and other services to internal and external customers. Its main customers are the Government, financial institutions and various international organizations.
  • Operations of the cheque Clearinghouse and the Real Time Gross Settlement (RTGS) electronic settlement system, which settles large value transactions TT$500,000 and over and time critical transactions.
  • Back Office operations for the Bank's foreign and local transactions.
  • Monitoring the reserve requirements of licensed financial institutions.
  • Safecustody facilities.