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 New TT $100 Note Coming

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

New TT $100 Note Coming

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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.

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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.”

 

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