The Trinidad and Tobago dollar
is the currency of Trinidad and Tobago
. It has its origins in the Spanish dollar
(also known as "pieces of eight"), which began circulating in the 16th century. The first bank in the territory was the Colonial Bank
, which opened a branch in Trinidad in 1837. An 1838 order-in-council by the government designated the pound sterling
as the official currency, but dollars issued by various countries remained legal tender. A government ordinance in 1934 named the dollar the official currency, replacing the system of pounds, shillings and pence at a fixed exchange rate of 1 dollar for every 4 shillings 2 pence. Trinidad and Tobago entered a currency union with other Caribbean nations after World War II
, which was replaced by the modern Trinidad and Tobago dollar in 1964, two years after the nation's independence.
This is a 1905 two dollar note. A one dollar note was issued at the same time.Banknote: Thomas de la Rue, National Numismatic Collection, National Museum of American History, Smithsonian Institution. Image: Godot13