De La Rue plc

02/21/2021 | Press release | Distributed by Public on 02/21/2021 07:16

New Banknotes Issued by The Central Bank of Trinidad & Tobago

The new polymer $1 and $50 banknotes were issued by the Central Bank of Trinidad & Tobago last week. These notes complete the transition of the new series to SAFEGUARD® polymer substrate and perfectly complement the current $5, $10 and $20 denominations.

In 2014 the Central Bank of Trinidad & Tobago issued the first SAFEGUARD® note in the Caribbean region, with a $50 commemorative note that went on to win the 'Banknote of the Year' Award from the International Bank Note Society. These two denominations complete the transition of the banknote series to polymer.

The front of each banknote celebrates Trinidad & Tobago, with imagery of national birds, the national flag and the country's coat of arms. The reverse of the note contains an image of the building of the Central Bank of Trinidad & Tobago, along with landmarks and scenes of cultural importance. A tactile emboss feature broadens financial inclusion by enabling those who are visually impaired to more easily distinguish between different denominational values.

Governor Alvin Hilaire, The Central Bank of Trinidad & Tobago: 'We are excited to launch the final two denominations of the series and we are incredibly pleased with our new polymer banknotes. The feedback on the notes we issued last year has been wonderful and we are happy to achieve this milestone of introducing the entire suite at this time. These polymer notes represent an upgrade to our previous series, with notes that are more durable and cost effective than the previous series. Thank you to De La Rue for their collaboration and support throughout.'

Ruth Euling, Managing Director, Currency: 'We are delighted to see these secure, modern and beautiful banknotes enter circulation. It has been a pleasure and an honour to work with the Central Bank of Trinidad & Tobago as they transitioned to a new series. I would like to thank everyone across the business for their part in this launch.'

De La Rue's market-leading Currency division provides banknote security features, secure polymer substrate and fully finished banknotes to half of all central banks and currency issuing authorities around the world.

For more information please email [email protected]

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