JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Tuesday, July 8, 2025

Scotiabank ramps up old TT currency phase out

by

1322 days ago
20211124

Sco­tia­bank is ask­ing cus­tomers and lo­cal busi­ness­es to avoid re­cir­cu­lat­ing the $1, $5, $10 $20 and $50 cot­ton notes and $50 poly­mer is­sued pri­or to Jan­u­ary 2021.

It al­so is re­mind­ing its cus­tomers to use its dig­i­tal cash­less pay­ment sys­tems such as M10 Hand­held De­vices, Point of Sale Ma­chines, the Sco­tia Caribbean App or Sco­tia On­Line to re­ceive pay­ments.

In a new ad­vi­so­ry, Sco­tia­bank out­lines its pro­ce­dure for the cur­ren­cy tran­si­tion process, in ac­cor­dance with a no­tice is­sued by the Cen­tral Bank on the mat­ter.

“In keep­ing with the Cen­tral Bank of Trinidad and To­ba­go’s (CBTT) no­tice in June of this year which high­lights the com­ple­tion of the coun­try’s con­ver­sion to poly­mer ban­knotes, we’re im­ple­ment­ing the fol­low­ing changes to help en­sure a smooth tran­si­tion for our cus­tomers in time for Jan­u­ary 1, 2022,” Sco­tia­bank says.

At the ATM.  By De­cem­ber 1, 2021, the $1, $5, $10 $20 and $50 cot­ton notes and $50 poly­mer is­sued pri­or to Jan­u­ary 2021 will no longer be ac­cept­ed at Sco­tia­bank ATMs.

In-Branch.  The $1, $5, $10 $20 and $50 cot­ton notes and $50 poly­mer is­sued pri­or to Jan­u­ary 2021 will be ac­cept­ed in-branch, over the counter un­til De­cem­ber 17, 2021.

At the Night Safe.  The $1, $5, $10 $20 and $50 cot­ton notes and $50 poly­mer is­sued pri­or to Jan­u­ary 2021 will be ac­cept­ed via Sco­tia­bank night safes un­til De­cem­ber 19, 2021.

Af­ter Jan­u­ary 1, 2022.  The $1, $5, $10 $20 and $50 cot­ton notes and $50 poly­mer is­sued pri­or to Jan­u­ary 2021 will no longer be le­gal ten­der for cash pay­ments. Please note that CBTT will con­tin­ue to ex­change these notes in­def­i­nite­ly af­ter Jan­u­ary 1, 2022.

Sco­tia­bank is among the lat­est in­sti­tu­tions an­nounc­ing its plan to tran­si­tion away from old TT cur­ren­cy—name­ly, all cot­ton notes and poly­mer notes is­sued be­fore Jan­u­ary 2021.

The Na­tion­al Pe­tro­le­um Mar­ket­ing Com­pa­ny Ltd. (NP) re­cent­ly is­sued its own ad­vi­so­ry, in­form­ing the pub­lic that it will not be ac­cept­ing “old bills” af­ter 17th De­cem­ber 2021, as part of its process to com­plete the tran­si­tion to poly­mer ban­knotes is­sued af­ter Jan­u­ary 2021.

The Cen­tral Bank re­cent­ly re­mind­ed the coun­try in its own ad­vi­so­ry:

“Ban­knotes bear­ing se­ries dates pri­or to the year 2020 can be re­deemed for val­ue in­def­i­nite­ly at the Cen­tral Bank of Trinidad and To­ba­go.”

Business Scotiabank


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored

Today's
Guardian

Publications

A model in a costume from The Lost Tribe’s 2026 presentation Island Circus

A model in a costume from The Lost Tribe’s 2026 presentation Island Circus

KERWIN PIERRE

A model in a costume from The Lost Tribe’s 2026 presentation Island Circus

A model in a costume from The Lost Tribe’s 2026 presentation Island Circus

KERWIN PIERRE

Ringmasters of the Road: Crowds flock to Tribe’s circus-themed band launch

13 hours ago
Students, principal and staff of St David’s RC Primary, along with the UWTT and Scotiabank Foundation teams at the handover of steelpans at the school.

Students, principal and staff of St David’s RC Primary, along with the UWTT and Scotiabank Foundation teams at the handover of steelpans at the school.

Students, principal and staff of St David’s RC Primary, along with the UWTT and Scotiabank Foundation teams at the handover of steelpans at the school.

Students, principal and staff of St David’s RC Primary, along with the UWTT and Scotiabank Foundation teams at the handover of steelpans at the school.

Scotiabank Foundation, United Way donate steelpans

13 hours ago
The Executive of the National Parang Association 2025-27. Back row, from left: Kervin Preudhomme, assistant secretary; Shaquille Headley, committee member; Cheriese Pierre, committee member; Lisa Lee, trustee; Joanne Briggs, PRO; Yarelis Touissant, committee member; William Calliste, trustee. Front row, from left: Jenais Carter, secretary; Alicia Jaggasar, president; Henrietta Carter, vice president; Joseph Bertrand, youth officer. Missing: Kerrylee Chee Chow, treasurer; Chevone Pierre, committee member.

The Executive of the National Parang Association 2025-27. Back row, from left: Kervin Preudhomme, assistant secretary; Shaquille Headley, committee member; Cheriese Pierre, committee member; Lisa Lee, trustee; Joanne Briggs, PRO; Yarelis Touissant, committee member; William Calliste, trustee. Front row, from left: Jenais Carter, secretary; Alicia Jaggasar, president; Henrietta Carter, vice president; Joseph Bertrand, youth officer. Missing: Kerrylee Chee Chow, treasurer; Chevone Pierre, committee member.

The Executive of the National Parang Association 2025-27. Back row, from left: Kervin Preudhomme, assistant secretary; Shaquille Headley, committee member; Cheriese Pierre, committee member; Lisa Lee, trustee; Joanne Briggs, PRO; Yarelis Touissant, committee member; William Calliste, trustee. Front row, from left: Jenais Carter, secretary; Alicia Jaggasar, president; Henrietta Carter, vice president; Joseph Bertrand, youth officer. Missing: Kerrylee Chee Chow, treasurer; Chevone Pierre, committee member.

The Executive of the National Parang Association 2025-27. Back row, from left: Kervin Preudhomme, assistant secretary; Shaquille Headley, committee member; Cheriese Pierre, committee member; Lisa Lee, trustee; Joanne Briggs, PRO; Yarelis Touissant, committee member; William Calliste, trustee. Front row, from left: Jenais Carter, secretary; Alicia Jaggasar, president; Henrietta Carter, vice president; Joseph Bertrand, youth officer. Missing: Kerrylee Chee Chow, treasurer; Chevone Pierre, committee member.

Jaggasar returns as National Parang president

Yesterday
Charles Town junior drummers and dancers take to the stage

Charles Town junior drummers and dancers take to the stage

Charles Town junior drummers and dancers take to the stage

Charles Town junior drummers and dancers take to the stage

Jamaican Maroons celebrate, question land rights

Yesterday