TTDTrinidad and Tobago DollarTrinidad and Tobago Dollar (TTD)
The Trinidad and Tobago dollar is the official currency of Trinidad and Tobago and the unit used for domestic prices, salaries and public accounts. The Central Bank of Trinidad and Tobago issues the currency and maintains the national monetary framework. TTD is the ISO code used in international payment and exchange-rate systems, while the dollar sign is a local shorthand shared with many currencies. One TTD is divided into 100 cents. The country qualifier is essential for avoiding confusion with the East Caribbean dollar and other Caribbean dollar units.
- ISO code
- TTD
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Managed float exchange-rate framework
- Last reviewed
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Quick facts
TTD at a glance
Currency profile
How TTD works
The Trinidad and Tobago dollar is the official currency of Trinidad and Tobago and the unit used for domestic prices, salaries and public accounts. The Central Bank of Trinidad and Tobago issues the currency and maintains the national monetary framework. TTD is the ISO code used in international payment and exchange-rate systems, while the dollar sign is a local shorthand shared with many currencies. One TTD is divided into 100 cents. The country qualifier is essential for avoiding confusion with the East Caribbean dollar and other Caribbean dollar units.
Central Bank of Trinidad and Tobago administers TTD within a managed float exchange-rate framework system.
- The Trinidad and Tobago dollar was introduced in 1964.
- The reviewed cash profile records TTD 1, TTD 5, TTD 10, TTD 25, TTD 50, TTD 100 for banknotes and TTD 1, 5, 10, 25 and 50 cents for coins.
Context
Why this currency matters
The current Trinidad and Tobago dollar was introduced in 1964 as the country moved away from the British West Indies dollar. The central bank publishes information on notes and coins, including the cash denominations used in everyday payments. TTD operates in a managed float framework rather than the fixed XCD relationship used by the Eastern Caribbean Currency Union. For travel and cross-border accounting, a dated TTD reference value should be kept beside the provider name and direction because customer quotes can include a spread or fee. The country qualifier also distinguishes TTD from USD, CAD and the East Caribbean dollar when a financial document shows only a dollar symbol.
Monetary framework
Exchange arrangement
Trinidad and Tobago Dollar operates under the reviewed managed float exchange-rate framework arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for TTD
Central bank established
The Central Bank of Trinidad and Tobago assumed monetary and currency responsibilities.
Central Bank of Trinidad and TobagoNational dollar issued
TTD replaced the British West Indies dollar as the country's currency.
Central Bank of Trinidad and TobagoPolymer 100-dollar note
The central bank replaced the cotton 100-dollar note with a polymer issue.
Central Bank of Trinidad and Tobago
Usage and economy
How TTD is used
- TTD is used for domestic prices, payroll, taxes and financial settlement in Trinidad and Tobago.
- Energy exports and Caribbean commerce drive comparisons with USD, XCD, BBD and GYD.
Banknotes and coins
TTD currency units
The issuing authority documents the reviewed TTD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for TTD.
One Trinidad and Tobago Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
TTD questions
Is TTD the East Caribbean dollar?
No. TTD is the currency of Trinidad and Tobago, while XCD is the shared currency issued by the ECCB for the Eastern Caribbean Currency Union.
What changed for TTD in 1964?
The Central Bank of Trinidad and Tobago assumed monetary and currency responsibilities.
What changed for TTD in 1964?
TTD replaced the British West Indies dollar as the country's currency.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.