WITHIN two week the Trinidad and Tobago Central Bank will have a new polymer $100 bill in circulation.
This announcement was made by National Security Minister Stuart Young at the post Cabinet new conference on Thursday.
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Young said the new note will he harder to counterfeit and will also undermine the use of stored cash to fund criminal activity.
He said the $100 bill was expected to be in circulation within 14 days and not the usual 30-day period for new bills.
And on its website, the Central Bank of Trinidad and Tobago said the new bill will be used as legal tender from December 9, 2019.
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It stated, “The new bill is based on a polymer substrate and has significantly enhanced security features.
“The introduction is consistent with the objectives laid out in the Central Bank’s Strategic Plan 2016/17-2020/21 to improve the durability of the Trinidad and Tobago banknotes, upgrade the capacity to protect against forgery, and allow for easier tactile recognition by the visually impaired.
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“The Central Bank intends to expand the range of polymer notes to the other denominations in 2020.
“The new polymer $100 note will co-circulate with the existing paper-based $100 note remaining as legal tender until further notice.”
