The Republic of Trinidad & Tobago lies in the southernmost part of the Caribbean. This island nation sits about 11 kilometers away from the coast of northeastern Venezuela and about 130 kilometers south of Grenada. Known for its fossil-fuel resources, Trinidad & Tobago is one of the most attractive investment sites for international enterprises. The country has one of the highest growth rates as well as per capita income in the region.
Between 2000 and 2007, the country’s economic growth averaged more than 8%. The country’s economy is fueled by liquified natural gas, steel, and petrochemicals, making it the leading producer of oil and gas in the Caribbean. The nation also supplies food products, beverages, and cement across the Caribbean. The tourism sector is also a contributor to the nation’s GDP.
The Trinidad & Tobago dollar is the country’s official currency which was formally adopted in 1964. The Central Bank of Trinidad & Tobago is the one responsible for issuing banknotes for circulation. On December 14, 1964, the bank released a set of notes in the denominations of 1, 5, 10, and 20 dollars. On June 6, 1977, the central bank introduced higher denominations of 50 and 100 dollars, bearing the national emblem, a national bird, and places around the country on the obverse design. Featured on their reverse is the Central Bank of Trinidad & Tobago. Their reverse design depicts the Central Bank of Trinidad & Tobago. In 2007, a new set of banknotes was released with upgraded security features and added watermark designs such as Cornerstones and electrotype elements.
Recent issues of the Trinidad & Tobago dollar banknotes were introduced on February 15, 2021. These paper bills are printed on a polymer substrate. These notes feature the coat of arms of the country on the obverse and the Central Bank headquarters building on the reverse side.