The Bank shall have as its purpose the promotion of such monetary, credit and exchange policies as would foster monetary and financial stability and public confidence and be favourable to the economy of Trinidad and Tobago.
About the Central Bank
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:
- issuing and redeeming currency
- developing and implementing monetary policy
- acting as banker and advisor to the Government
- acting as banker to the commercial banks
- issuing of securities on behalf of the Government
- managing the foreign exchange market and protecting the external value of the currency
- investing the country’s external reserves and the HSF
- fostering and promoting financial stability
- conducting intelligence-gathering and research