Central Bank of Trinidad and Tobago
| Headquarters | Port of Spain |
|---|---|
| Established | December 12, 1964 |
| Governor and Chairman | Dr. Alvin Hilaire |
| Central bank of | Trinidad and Tobago |
| Currency |
Trinidad and Tobago Dollar TTD (ISO 4217) |
| Preceded by | Mr. Jwala Rambarran |
| Website | www.central-bank.org.tt |
The Central Bank of Trinidad and Tobago is the Central Bank of Trinidad and Tobago.
The Central Bank of Trinidad and Tobago is located in the Eric Williams Financial Complex. The complex consists of the central bank auditorium and two sky-scrapers, locally known as the twin towers. The first tower houses the central bank of Trinidad and Tobago and the second tower houses the Ministry of Finance. It was only the second Central Bank to be established in the English-speaking Caribbean, the first being the Bank of Jamaica which was established in 1960.
The Central Bank of Trinidad and Tobago undertakes many functions in its day-to-day operations. The Central Bank of Trinidad and Tobago was established by an Act of Parliament on December 12, 1964. In particular, the Bank's main responsibilities are to issue and redeem currency; maintain monetary and financial stability; act as banker to the government as well as the commercial banks and protect the external value of the Trinidad and Tobago Dollar (TT Dollar).
The Central Bank is the only institution in the country which is authorised to issue currency notes and coins. The Central Bank is responsible for:
the design of the currency; the maintenance of its integrity and providing an adequate supply of currency to satisfy the needs of the public. for open market operations
The bank became the 100th member of the Alliance for Financial Inclusion in 2013. Additionally, it has made a Maya Declaration Commitment to transform the National Financial Literacy Programme into a National Training Institute for Financial Inclusion by the conclusion of 2014. The Institute will work with key stakeholders to develop a National Financial Inclusion strategy based on the G-20 principles of leadership, co-operation and empowerment. The financial inclusion strategy will focus on the major pillars of financial education and financial consumer protection.
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