Time Period: 1763-1899 - Tobago

Timeline

  • 15.08.1798
  • Rating of Spanish and Portuguese trade coins in the accounting currency:
    - Spanish Dollar (8 Spanish reals in silver) at 54 Pennies
    - Portuguese doubloon (6'400 Portuguese Real in gold) at 73 Shillings
  • 05.11.1798
  • Ordinance on the stamping (stamp "TB" or "TB.o") of French colonial silver and billon coins; effective immediately:
    - Rating: silver coins at 2¼ Pennies (called "stampee"), billon coins at 1½ Pennies (called "Black Dogg").
  • 13.09.1838
  • Rating of Spanish trade coins in the accounting currency:
    - Spanish Dollar (8 Spanish reals in silver) at 50 Pennies
    - Spanish doubloon (8 Spanish Escudos in gold) at 63½ Shillings
  • 21.08.1848
  • New rating of Spanish trade coins in Sterling currency without devaluation of the accounting currency:
    - Spanish Dollar (8 Spanish real in silver) at 50 Pence Sterling
    - Spanish doubloon (8 Spanish Escudos in gold) at 64 Shillings Sterling
  • ??.??.1879
  • Ordinance [No. 14] on the demonetisation of the Spanish trade coins; effective ??.??.1879


Time Period: 1802-1899 - Trinidad

Timeline

  • 09.02.1804
  • Rating of Spanish trade coins in the accounting currency:
    - Spanish Dollar (8 Spanish reals in silver) at 108 Pennies
    - Spanish doubloon (8 Spanish Escudos in gold) at 144 Shillings
  • 09.02.1804
  • Ordinance on the cutting of Spanish trade coins:
    - Spanish Real in silver cut in 2 segments (no stamp) rated at ½ Bit = 6 Pennies
    - Spanish Real in silver cut in 4 segments (no stamp) rated at ¼ Bit = 3 Pennies
  • 17.06.1811
  • Ordinance on the cutting of Spanish trade coins:
    - Spanish Dollar with a 8-sided central piercing (no marking) rated at 9 Bits = 108 Pennies
    - Centre plug was stamped with "T", called "Moco", was rated at 1 Bits = 12 Pennies
  • 27.03.1823
  • Import of British colonial silver coins (so-called "Anchor Money"), the of ¼ Dollar was rated at 30 Pennies
  • 19.09.1825
  • Rating of Spanish trade coins in the accounting currency:
    - Spanish Dollar (8 Spanish reals in silver) at 120 Pennies
    - Spanish doubloon (8 Spanish Escudos in gold) at 160 Shillings
  • 20.11.1838
  • Rating of Spanish trade coins in the accounting currency:
    - Spanish Dollar (8 Spanish reals in silver) at 125 Pennies
    - Spanish doubloon (8 Spanish Escudos in gold) at 160 Shillings
  • 22.05.1839
  • Devaluation of the accounting currency at a ratio of 1 : 2½ (i.e. by 60.0%) and new rating of Spanish trade coins in Sterling currency:
    - Spanish Dollar (8 Spanish real in silver) at 50 Pence Sterling
    - Spanish doubloon (8 Spanish Escudos in gold) at 64 Shillings Sterling
  • 18.07.1876
  • Ordinance on the demonetisation of the Spanish trade coins within 30 days; effective 17.08.1876


Time Period: 1904-1951

Currency: 1st Trinidad and Tobago Dollar


Timeline

  • 23.12.1903
  • Ordinance [Bank Notes, No. 14] on the issuance of paper money by commercial banks; effective ??.??.1904.
    - Paper money issuance by the Colonial Bank (est. 1836 - liq. 1925) after 01.11.1898
    - Paper money issuance by Royal Bank of Canada (est. 1864) after 02.01.1909
    - Paper money issuance by Canadian Bank of Commerce (est. 1867) after 01.03.1921
    - Paper money issuance by Barclays Bank - Dominion, Colonial, Overseas (est. 1925) after 01.09.1926.
  • ??.12.1903
  • Ordinance [Government Currency Notes, No. 16] on the establishment of a currency commission and issuance of paper money by the government; effective 01.04.1904.
    - 01.04.1905: Start of government paper money issuance.

Valuation Regimes

  • 1905-1951
  • Fixed rate against British Pound

Rate Arrangements

  • 01.04.1905
  • Fixed
  • British Pound at 1 : 4.80
  • ±0.0%


Time Period: 1964-

Currency: 2nd Trinidad and Tobago Dollar


Timeline

  • 08.12.1964
  • Law [Central Bank Act, No. 23] on the establishment of a central bank and creation of a national currency; effective upon constitution of the bank on 12.12.1964
  • 14.12.1964
  • Start of currency exchange:
    - 14.12.1964: Start of issuance of the new banknotes and coins
    - 31.12.1965: Demonetization of the British West Indian currency

Valuation Regimes

  • 1964-1976
  • Fixed rate against British Pound
  • 1976-1993
  • Fixed rate against US Dollar
  • 1993-
  • Variable rate

Rate Arrangements

  • 14.12.1964
  • Fixed
  • British Pound at 1 : 4.80 - [Gold parity (10.02.1965)] 518.39mg AU fine
  • ±0.0%
  • 23.11.1967
  • Fixed
  • British Pound at 1 : 4.80 - [Gold parity] 444.34mg AU fine
  • ±0.0%
  • 28.05.1976
  • Fixed
  • US Dollar at 1 : 2.40
  • +12.9%
  • 18.12.1985
  • Fixed
  • US Dollar at 1 : 3.60
  • -33.3%
  • 17.08.1988
  • Fixed
  • US Dollar at 1 : 4.25
  • -15.3%
  • 13.04.1993
  • Variable
  • initially: US Dollar at 1 : 5.694
  • -25.4%


End-year Forex Rates (Units per US Dollar)