The Central Bank has as its principal mandate the promotion of monetary, credit and exchange conditions that are favourable to the development of Trinidad and Tobago. To fulfil this purpose the Central Bank has been assigned a range of functions or responsibilities and powers. Some of the functions of the Central Bank are to:
- Issue and redeem currency
- Act as the banker to the Government and licensed financial institutions
- Act as the lender of last resort to the commercial banks
- Promote monetary and financial stability
- Manage the foreign exchange market and the country’s foreign exchange reserves.