Regulatory Alerts2024-10-23
Central Bank Act of Trinidad and Tobago (Chapter 79:02)
The Parliament of Trinidad and Tobago enacted this legislation to establish the Central Bank of Trinidad and Tobago as a corporate body responsible for promoting monetary stability and regulating credit conditions. The Act defines the Bank's governance structure, including the appointment and duties of the Board of Directors, while granting it exclusive authority over currency issuance and legal tender. It further outlines the Bank's operational powers, emergency intervention capabilities, and the establishment of a Deposit Insurance Fund to protect financial institutions.
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