The financial year 2021/22 saw a steady revival of the Trinidad and Tobago economy as business activity continued to reopen following pandemic-induced lockdowns. At the same time, the global economic situation was complicated by the combination of geopolitical tensions, high inflation that led to widespread monetary tightening, and volatility in financial markets.

The Central Bank remained resilient and steadfast amid the uncertainty and uniquely challenging circumstances of Financial Year (FY) 2019/20. In the face of the COVID-19 coronavirus crisis, the Bank took strong and early action by adjusting its monetary policy stance in response to the “new normal”.

Among the other key achievements during FY2019/20 were the rapid demonetization of the $100 cotton note and replacement by a polymer note.

The financial year (FY) 2018/19 brought the Central Bank of Trinidad and Tobago into its 55th year of operation. While we continue to focus on our core mandates of executing monetary policy and maintaining financial stability, the opportunities and challenges have evolved significantly.

Overall, the Bank made meaningful progress in the third year of execution of its Strategic Plan 2016/17 – 2020/21.