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Money
Currency: Trinidad & Tobago Dollar (TT$) = 100 cents. Notes are in denominations of TT$100, 20, 10, 5 and 1. Coins are in denominations of TT$1, and 50, 25, 10, 5 and 1 cents.
Currency exchange: Foreign currency can only be exchanged at authorised banks and some hotels. There are ATMs taking cash cards and credit cards in both Trinidad and Tobago (Scarborough only).
Credit & debit cards: MasterCard, Diners Club, American Express and Visa are accepted by most banks, shops and tourist facilities. Many traders charge five per cent for the use of credit cards. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: These are very widely accepted and will often prove the most convenient means of transaction. Banks charge a fee for exchanging travellers cheques. Check for the best rates. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: The import of local currency is unlimited, provided declared on arrival. The export of local currency is limited to TT$200. There is free import of foreign currency, subject to declaration. The export of foreign currency is limited to the amount declared on entry.
Exchange rate indicators
The following figures are included as a guide to the movements of the Trinidad & Tobago Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 8.90 | 9.09 | 9.74 | 9.89 | | $1.00= | 6.11 | 5.98 | 6.16 | 6.22 |
Banking hours: Mon-Thurs 0800-1400, Fri 0900-1200 and 1500-1700.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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