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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 ...
The Trinidad and Tobago dollar was launched, and had become the sole currency by 1967. [17] In 1964, Trinidad and Tobago introduced its own dollar. Between 1964 and 1968 the Trinidad and Tobago dollar was utilized in Grenada as legal tender until that country rejoined the common currency arrangements of the East Caribbean dollar. [18]
In 1977 Barclays Bank Trinidad and Tobago sold the majority of its shares locally. [4] This prompted another name change, to Republic Bank Limited, on 1 April 1981. [1] In 1989 Barclays sold its 41% holding to Colonial Life Insurance Co. (Trinidad). Colonial Life built up its holding to 46.7% and later reduced it to 34%. [citation needed]
The Royal Bank of Trinidad and Tobago (RBTT) was a commercial bank based in Trinidad and Tobago and one of the largest commercial banking corporations in the Caribbean region. As of 2008, RBTT Holdings had a group asset base of over US$6.2 billion dollars.
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 ...
The station's flagship news programme, Panorama, remains an icon in Trinidad and Tobago, even as the station has gone off the air. For 29 years it was the nation's only evening news programme, allowing the citizens of Trinidad and Tobago access to television pictures from across the country and around the world. [citation needed]
Trinidad and Tobago is the latest nation to embrace a global movement that began in recent years to abolish colonial-era symbols as it reckons with its past and questions if and how it should ...
It can fix its exchange rate without emasculating its central bank, but only by maintaining controls on capital flows (like China today); it can leave capital movement free but retain monetary autonomy, but only by letting the exchange rate fluctuate (like Britain – or Canada); or it can choose to leave capital free and stabilize the currency ...