NOTES AND COINS
Q: Who designs the Trinidad and Tobago currency?
Q: What happens to banknotes that have become old, very dirty or otherwise unfit for public use?
Q: Where can I exchange a mutilated note or coin?
Who designs the Trinidad and Tobago currency?
The Central Bank is responsible for the design of the national currency. In carrying out this function the Bank, with the approval of the Ministry of Finance, takes decisions on the denomination, the substrate and the characteristics of notes and coins.
What happens to banknotes that have become old, very dirty or otherwise unfit for public use?
The commercial banks redeposit these banknotes to the Central Bank for withdrawal from circulation. These unfit notes are destroyed using a very sophisticated and environmentally friendly banknote destruction process. The Bank uses a modern destruction and briquetting system for banknote destruction. The shredded output, formed into briquettes, is collected in bins for disposal.
Where can I exchange a mutilated note or coin?
A banknote or coin that has become mutilated or impaired can be redeemed at the Central Bank of Trinidad and Tobago. According to the Central Bank Act Chapter 79:02, “the Bank may in its absolute discretion as an act of grace refund the value of a mutilated or impaired note or a coin which has been tampered with.”
