The Central Bank of Trinidad & Tobago was established through an Act of Parliament on 12 December 1964 after the country gained independence on August 31, 1962. Ever since its establishment the bank has been instrumental in the development of the financial system of Trinidad and Tobago.
The mission of the bank is “The Bank shall have as its purpose the promotion of such monetary, credit and exchange policies as would foster monetary and financial stability and public confidence and be favorable to the economy of Trinidad & Tobago.” The bank continues to promote economic growth and advancement through sound and effective monetary management.
The Act entrusted the bank with a number of responsibilities that include
The administration of bank is in the hands of a Board of Directors. The Governor who is also the chairman of the board heads the Board. Besides, there are two Deputy Governors and six other directors.