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.”