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Trinidad & Tobago Launches Further Polymer Banknote Denominations

By De La Rue, plc …..
Trinidad & Tobago Launches Further Polymer Banknote Denominations

The Central Bank of Trinidad & Tobago announced that new $5, $10 and $20 denominations on De La Rue’s SAFEGUARD® polymer substrate entered circulation on November 2.

The design of the new polymer notes is consistent with the new $100 and retains familiar themes from the previous cotton series for ease of public recognition. Each denomination contains a distinctly shaped embossed tactile feature, unique to polymer banknotes, to help the visually impaired distinguish between denominations. Strong color differentiation between each denomination and the use of bold, bright numerals further support those with impaired vision.

Dr. Alvin Hilaire, Governor and Chairman of the Board of Directors at the Central Bank of Trinidad and Tobago says:

“These new polymer banknotes represent an upgrade for security and durability, lowering the long term cost of banknote issuance and reducing the Central Bank of Trinidad and Tobago’s environmental impact in this area. They will enable those with visual impairments to more confidently use our currency. We are delighted with our new banknote series and thank our partner De La Rue for their invaluable support and expertise during this transition.”

The banknotes contain a range of security features including a secure transparent window and shimmering iridescent inks. The notes use Enhanced GEMINI for UV protection and MASK, an effective hide-and-reveal feature that appears as a printed pattern in the design that shows the denomination when the note is held up to the light.

The notes celebrate Trinidad and Tobago, with imagery of national birds, such as the Mot Mot on the $5, the Cocrico on the $10, and the Hummingbird on the $20. Every denomination features the national flag and the country’s coat of arms. On the back of the notes is an image of the building of the Central Bank of Trinidad and Tobago, along with landmarks and scenes of cultural importance.

Ruth Euling, Managing Director, Currency Division says:

“We have an ongoing, strong relationship with Trinidad and Tobago ever since the first order to supply “government money” in 1904. It truly is an honor for De La Rue to work with the Central Bank of Trinidad and Tobago as they continue their polymer transition strategy and bring these beautiful notes into circulation.”

The Central Bank of Trinidad and Tobago issued the first SAFEGUARD polymer banknote in the Caribbean region in 2014 with a $50 commemorative note issued in celebration of the Central Bank’s 50th anniversary. The release on November 2 marks the continuation of the transition of the complete banknote series to polymer.

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About De La Rue plc

De La Rue logoDe La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organizations around the world, is at the forefront of the battle against the counterfeiter.

As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates, and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition, the Group manufactures high speed cash sorting and banknote inspection equipment.

Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

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