IMF Special Drawing Rights in Trinidadian Dollar

XDR IMF Special Drawing Rights

Country of application:
International Monetary Fund

Coin denominations in circulation:
-

Denominations of banknotes in circulation:
-

History reference:
The International Monetary Fund is the leading organization for international cooperation in the monetary and financial sphere. The international monetary background provides short- and medium-term l...oans with a deficit in the balance of payments of the state. The granting of loans is usually accompanied by a set of conditions and recommendations.

TTD Trinidadian Dollar

Country of application:
Trinidad and Tobago

Coin denominations in circulation:
1, 5, 10, 25, 50 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The dollar (currency code - TTD) has been the official currency of the Republic of Trinidad and Tobago since 1964 (before that, the British West Indies dollar was in circulation in the country). The ...history of currency in the former British colony of Trinidad and Tobago is closely linked to the history of the British Eastern Caribbean territories as a whole. The first currency used was the Spanish dollar, also known as the "figure of eight", which began to circulate in the 16th century. Proposals for the establishment of landowner-oriented banks in the West Indies were made in 1661 by the British government and in 1690 by Sir Thomas Dalby. Despite this, and the Queen Annes Proclamation of 1704, which brought the West Indies on the gold standard, the eight silver coins (Spanish dollars and then Mexican dollars) continued to form the bulk of circulating currency well into the second half of the nineteenth century.