The Central Bank of Trinidad and Tobago has confirmed that the five-cent coin will be demonetized from circulation effective March 1, 2026, marking a notable change to the country’s currency system. The decision follows Cabinet approval and recommendations from the Ministry of Finance, which determined that the denomination is no longer sustainable. Minister of Finance Davendranath Tancoo explained that the cost of producing the five-cent coin now far exceeds its face value, while its purchasing
2:26
The Central Bank of Trinidad and Tobago has confirmed that the five-cent coin will be demonetized from circulation effective March 1, 2026, marking a notable change to the country’s currency system. The decision follows Cabinet approval and recommendations from the Ministry of Finance, which determined that the denomination is no longer sustainable. Minister of Finance Davendranath Tancoo explained that the cost of producing the five-cent coin now far exceeds its face value, while its purchasing
540 views3 months ago
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The Central Bank of Trinidad and Tobago has officially announced that the five-cent coin will be demonetised by 1 March 2026 : This significant shift in the nation's currency structure follows Cabinet approval and documentation from the Ministry of Finance citing the unsustainable nature of the denomination. According to the Minister of Finance, the production costs associated with minting the five-cent coin have risen significantly, rendering it economically unviable. Furthermore, the purchasin
0:15
The Central Bank of Trinidad and Tobago has officially announced that the five-cent coin will be demonetised by 1 March 2026 : This significant shift in the nation's currency structure follows Cabinet approval and documentation from the Ministry of Finance citing the unsustainable nature of the denomination. According to the Minister of Finance, the production costs associated with minting the five-cent coin have risen significantly, rendering it economically unviable. Furthermore, the purchasin
13.9K views3 months ago
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