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The private banking sector tended to use Spanish dollar accounts at the fixed exchange rate of $1 = 4s 2d. The Eastern Caribbean group formed a monetary union with British Guiana in 1949 and the currency was known as the British West Indies dollar. Trinidad and Tobago left the arrangement in 1964.
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Trinidad and Tobago: Trinidad and Tobago dollar: TTD: Central Bank of Trinidad and Tobago: float Turks and Caicos Islands: United States dollar: USD: Federal Reserve Bank: float United States Virgin Islands Puerto Rico British Virgin Islands
The Trinidad and Tobago dollar was launched, and had become the sole currency by 1967. [17] In 1964, Trinidad and Tobago introduced its own dollar. Between 1964 and 1968 the Trinidad and Tobago dollar was utilized in Grenada as legal tender until that country rejoined the common currency arrangements of the East Caribbean dollar. [18]
The exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = 4s 2d) continued until 1976 for the new Eastern Caribbean dollar. [1] For a wider outline of the history of currency in the region see Currencies of the British West Indies.
2013 – "Bank of the Year" in British Virgin Islands, Canada, Guyana, Jamaica and Trinidad and Tobago by The Banker. [76] 2014 – "Best Emerging Market Bank in Latin America" Global Finance Magazine in Jamaica, Barbados, Trinidad & Tobago, Turks and Caicos and U.S. Virgin Islands. [77]
In 1970, the administration of exchange controls was delegated to the Bank, sterling was subject to exchange controls and the TT dollar peg was shifted from the pound sterling to the US dollar at a rate of TT$2.40 per US dollar. The Defence Finance regulations of 1942 under which exchange controls had been administered was replaced by a new ...
CIBC takes control - March 20, 2006: Trinidad and Tobago Express 'Excellent year' for First Caribbean - December 23, 2005: Jamaica Observer daily news; ABN AMRO’s banking operations in Curaçao to join with FirstCaribbean International Bank - November 24, 2005: Caribbean Net News