Information on new $100 note. Courtesy the Central Bank of Trinidad and Tobago
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.
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.
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.
“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.”