LATEST NEWS

26-Nov-2021

The Dynamics of the Trade Balance: An Empirical Investigation of the Marshall-Lerner Condition and J-curve Hypothesis in Trinidad and Tobago (Working Papers, WP05/2021)

This paper investigates whether an exchange rate depreciation would improve the trade balance for Trinidad and Tobago, within the theoretical underpinnings of the Marshall-Lerner (ML) condition and the J-curve Hypothesis, using data from 1991 to 2020. The ML condition posits that improvement in a country’s trade balance depends on the combined responsiveness of demand for imports and exports, in response to a currency depreciation.

25-Nov-2021

Completion of the Transition to Polymer Banknotes

The public is reminded that from January 1, 2022 only the new polymer banknotes will be legal tender in Trinidad and Tobago.

Gazette Notice dated June 03, 2021

05-Nov-2021

57th Bi-Annual Meeting of CARICOM Central Bank Governors

CARICOM Central Bank Governors discuss regional imperatives to maintain financial stability and support post-pandemic recoveries. 

01-Nov-2021

View the Governors' Forum "Moving on from Pandemic Response to Resilient Recovery"

Today Governor Dr. Hilaire participated in the forum discussion on the topic Moving on From Pandemic Response to Resilient Recovery, alongside Dr. Timothy Antoine, Governor - Eastern Caribbean Central Bank, Dr. Gobind Ganga, Governor - Bank of Guyana and Mr. Richard Doornbosch, President - Central Bank of Curacao and St Maarten, moderated by Mr. Deodat Maharaj, Executive Director, Caribbean Export Development Agency

Click here to view the discussion.

26-Oct-2021

Hats Off - A celebration of some of our Musical Icons, A Virtual Experience

View the event which premiered on Facebook and YouTube on Wednesday October 27, 2021 in commemoration of Calypso History Month.   Click here to view.

25-Oct-2021

Public Notice - Approved Educational Institution

The Central Bank of Trinidad and Tobago (“the Central Bank”) advises that pursuant to Section 119(2) of the Insurance Act, 2018, the Minister of Finance, after consultation with the Central Bank, has appointed the Trinidad and Tobago Insurance Institute (TTII) as an Approved Educational Institution with effect from January 1, 2021.

18-Oct-2021

Caribbean Ministerial Meeting with IMF Managing Director

On October 18, 2021 a high level Caribbean delegation met with Ms. Kristina Georgieva, Managing Director, and other officials of the International Monetary Fund on the occasion of the IMF/ World Bank Annual Meetings. 

On behalf of the Trinidad and Tobago team, Central Bank Governor Dr. Alvin Hilaire made the following intervention on the subject of Safely Unwinding Fiscal and Monetary COVID-19 Measures, while Protecting the Vulnerable.

30-Sep-2021

Caribbean Currency Convertibility in an Era of Central Bank Digital Currency- (Working Papers, WP05/2021)

The wave of interest in Central Bank Digital Currencies (CBDCs) has reached the shores of the Caribbean. While the objectives in the regional context have focused on reducing cash usage and improving financial inclusion, this paper proposes the use of CBDCs to facilitate currency convertibility with the express purpose of promoting intra-regional trade.

30-Sep-2021

Compilation of Working Papers - Financial Stability

This compilation of working papers is not meant to be a complete source of information and knowledge on the chosen subject matter. Indeed, the works presented in this volume focus solely on the Trinidad and Tobago’s financial system and a sub-set of questions within a vast and expanding field of financial stability research. Nonetheless, the questions discussed and evidence presented in this volume may contain useful insights that might be relevant to similar financial systems like ours. The compilation is the second special research project aimed at promoting publications on Central Banking and other identified issues, outlined as number 7.2 in the 23 core projects of the Bank's Strategic Plan 2016/17 - 2020/21. 

30-Sep-2021

Monetary Policy Announcement - September 2021

Overall global economic performance continues to recover, underpinned by widespread vaccination efforts, easing of pandemic restrictions and accommodative fiscal and monetary policies. Nonetheless, the pace of recovery across countries is very uneven, given varied access to vaccines and the resurgence of the virus in many areas.