Regulatory Alerts2020-01-01
The Central Bank (Extension of Period of Redemption) Order, 2020
The Minister of Finance of Trinidad and Tobago issued Legal Notice No. 64 of 2020 under Section 27A(5) of the Central Bank Act to address redemption delays for specified currency notes. The Order extends the special period of redemption by two months from the date a court finally determines proceedings for notes detained as evidence. This extension applies specifically to true owners who were unable to present their notes for redemption during the initial or special periods due to such legal detention.
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