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The Securities Industry Act 1995 (SIA, 1995) [2] is the act by which the Trinidad and Tobago Securities and Exchange Commission was established. In December 2012, the SIA 1995 was repealed and replaced by the Securities Act (SA 2012) [3] “an Act to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient securities markets and confidence in the ...
Reserves of foreign exchange and gold: $8.095 billion (February 2018 est.) Currency: 1 Trinidad and Tobago dollar (TT$) = 100 cents Exchange rates: Trinidad and Tobago dollars (TT$) per US$1 :
On 22 April 2002, the bank celebrated its 100th anniversary and rebranded itself legally to the acronym form of the Royal Bank of Trinidad and Tobago or "RBTT". This led to a regional rebranding of all RBTT businesses of the financial group. Today, all commercial banking subsidiaries carry the RBTT brand in their official name.
The Currency Interpretation Ordinance of 1934 replaced the system of pounds, shillings and pence with the dollar, retaining the fixed exchange rate of 1 dollar for every 4 shillings 2 pence. [ 15 ] From 1949, with the introduction of the British West Indies dollar , the currency of Trinidad and Tobago became officially tied up with that of the ...
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
Trinidad and Tobago was first colonized by the Spanish, who ruled it for nearly 300 years before ceding it to the British, who governed it for more than 160 years until the islands’ independence ...
Country/territory Currency ISO 4217 Code Central bank Peg Anguilla East Caribbean dollar: XCD: Eastern Caribbean Central Bank: 2.70 XCD = 1.00 USD Antigua and Barbuda Dominica ...
In 1970, the administration of exchange controls was delegated to the Bank, sterling was subject to exchange controls and the TT dollar peg was shifted from the pound sterling to the US dollar at a rate of TT$2.40 per US dollar. The Defence Finance regulations of 1942 under which exchange controls had been administered was replaced by a new ...