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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
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 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 ...
1972 RBC, at the urging of the local government, incorporated the Royal Bank of Trinidad and Tobago (RBTT) to take over its operations in the country. 1985 RBTT formed Caribbean Banking Corporation Limited (CBC), its first venture outside of Trinidad and Tobago, to acquire the branch operations of the Royal Bank of Canada in St. Vincent and the ...
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.
The exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = 4s 2d) continued until 1976 for the new Eastern Caribbean dollar. [1] For a wider outline of the history of currency in the region see Currencies of the British West Indies.
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 :
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 ...