The Central Bank of Trinidad and Tobago was established by an Act of Parliament on December 12, 1964. Since that time the Central Bank has been instrumental in the development of the Trinidad and Tobago financial system and continues to foster economic growth and development through sound and effective monetary management.
The Central Bank of Trinidad and Tobago undertakes many functions in its day-to-day operations. The Act entrusted the Central Bank with a range of responsibilities including the exclusive right:
• to issue and redeem currency
• to act as banker to the Government
• to maintain monetary stability, and protect the external value of the currency
• to take steps to preserve financial stability.