LATEST NEWS

12-Dec-2022

Monetary Policy Report November 2022

The global economy continued to face headwinds in 2022. In particular, the Russia-Ukraine conflict, China’s decelerating growth momentum on account of intermittent COVID-19 restrictions along with elevated energy and food costs, drove inflation rates far higher than desired.

01-Dec-2022

Central Bank Exit from Emergency Control of CLICO

On December 1, 2022 the Central Bank relinquished emergency control over Colonial Life Insurance Company (Trinidad) Ltd. (CLICO). The Central Bank had exercised such control since 2009.

See link to the Gazette Notice No. 1752 regarding the exit for CLICO.  

See link to Legal Notice No. 32 2009 whereby the Central Bank assumed emergency control of CLICO.

A press conference was held on December 6, 2022 with Central Bank Governor, Dr.  Alvin Hilaire and Executive Chairman of CLICO, Mrs. Claire Gomez-Miller to discuss the exit and its implications. 

View the press conference via the Bank’s YouTube channel at https://youtu.be/z6u0Lfn1SyA or Facebook page at https://www.facebook.com/centralbanktt 

17-Nov-2022

CAF Presents Findings on Regional Integration

On November 15, 2022 the Corporación Andina de Fomento (CAF) presented a Report on Regional Integration in Latin America and the Caribbean at the Central Bank of Trinidad and Tobago’s Auditorium. At the event, CAF announced the opening of its regional headquarters for the Caribbean which will be located in Port-of-Spain. The event also featured a Panel Discussion at which Governor Hilaire outlined factors that energy-exporting nations such as Trinidad and Tobago should take into account as the world moves away from fossil fuels. 

CAF is a development bank with 20 shareholder countries, including Trinidad and Tobago. 

Click for the CAF Report and a video of the event. 

03-Nov-2022

Addressing Climate Change - The Central Bank of Trinidad and Tobago

At the CARICOM Governors Meeting held in The Bahamas on Thursday, November 3rd, 2022 – Governor Hilaire outlined the actions that the Central Bank of Trinidad and Tobago is taking to address climate change. These include improving energy efficiency at the Central Bank; collaboration with other central banks and international agencies to promote financial reforms globally; investment of Trinidad and Tobago’s international reserves in instruments that promote sustainability; and adapting supervision of the local financial sector.

Click here for the PowerPoint presentation.

17-Oct-2022

CB Developments Series - Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development

The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development released its Official Communiqué on October 11, 2022.

17-Oct-2022

Our 50 Cent Coin

Legal Tender and in Circulation

14-Oct-2022

The Impact of Declining Central Government Transfers and Subsidies on the Household Sector: Implications for Financial Stability (Working Papers, WP 03/2022)

Following the collapse of crude oil prices in 2014, in an attempt to narrow the fiscal deficit, the Government of the Republic of Trinidad and Tobago embarked on a concerted effort to reduce expenditure by streamlining ‘transfers and subsidies’ – support that has historically run at high costs.

07-Oct-2022

Domestic Banking Industry Network Analysis: The Sovereign-Bank Nexus (Working Papers, WP 02/2022)

The importance of sovereign-bank linkages has been a major topic of discussion among academics and regulators. While interdependencies can play a supportive role in the smooth functioning of the financial system and the wider economy, imperfections in the relationship have fostered an embrace which has, on occasion, led to a systemic risk event.

05-Oct-2022

2021/2022 De La Rue Currency Scholarship Award Recipients

The Central Bank celebrates its 2021/2022 De La Rue Currency Scholarship Recipients, Mr. Justin Edwards and Ms. Sarah Prashad.

Click here to view the Award Presentation Ceremony.

03-Oct-2022

Treasury Bill Nos. 1690 and 1691

Invest in Treasury Bills Today! Treasury Bills are government-guaranteed investment instruments that are available to individuals and institutions. You are invited to submit bids to the Central Bank of Trinidad and Tobago by 12:00 noon on the auction date for the upcoming issue.