The Central Bank of Trinidad and Tobago (CBTT) is reminding the public that the $100 cotton note ceases to be legal tender from January 1, 2020.
In a press release, CBTT said only the new $100 polymer notes will remain as legal tender from this date. All persons and organisations must take responsibility for ensuring that their $100 cotton notes are exchanged on time.Redemption of the $100 cotton notes can be done either through commercial banks or the Central Bank. The bank urges the public to check with their respective commercial bank for details on opening hours.
The Central Bank has extended its working hours to facilitate the exchange from 8:00 a.m. to 3:00 p.m. on weekdays to December 31, 2019 and on Saturday December 28 and Sunday December 29, from 9:00 a.m. to 3:00 p.m.
The Central Bank will also operate through the Unit Trust Corporation Office in Scarborough, Tobago on Saturday December 28, Sunday December 29 and Monday December 30, 2019 from 8:00 a.m. to 2:00 p.m.
The bank warns the public that “IT IS YOUR RESPONSIBILITY TO EXCHANGE YOUR $100 COTTON NOTES ON TIME.”
It adds that there are very specific conditions for exchange of $100 cotton notes after December 31, 2019 from the Central Bank.
Details are available in advertisements in the daily newspapers, on the Central Bank’s website www.central-bank.org.tt and by emailing [email protected]