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CENTRAL BANK TO DEMONETIZE THE 5 CENT COIN
Автор: Tobago Updates
Загружено: 2026-01-23
Просмотров: 2289
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The Central Bank of Trinidad and Tobago has confirmed that the five-cent coin will be demonetized from circulation effective March 1, 2026, marking a notable change to the country’s currency system. The decision follows Cabinet approval and recommendations from the Ministry of Finance, which determined that the denomination is no longer sustainable. Minister of Finance Davendranath Tancoo explained that the cost of producing the five-cent coin now far exceeds its face value, while its purchasing power has steadily eroded over time.
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