26/06/2020: Currency peg under review
Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.
26/03/2020: COVID-19 Pandemic
The COVID-19 pandemic caused economic disruptions, leading to a decline in tourism and affecting the exchange rate of the TTD.
05/08/2013: Devaluation of currency
Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.
19/09/2008: Global Financial Crisis
The global financial crisis had a significant impact on the value of the Trinidad & Tobago Dollar and the country's economy.
24/07/1995: New currency design
Barbados introduced a new design for its currency, featuring national symbols and landmarks.
17/05/1993: Introduction of Polymer Banknotes
Trinidad & Tobago introduced polymer banknotes to replace the traditional paper currency, enhancing security and durability.
27/07/1990: Attempted Coup d'État
An attempted coup d'état took place in Trinidad & Tobago, causing economic instability and impacting the value of the TTD.
31/12/1983: Floatation of the Trinidad & Tobago Dollar
Trinidad & Tobago abandoned the fixed exchange rate system, allowing the TTD to float freely against other currencies.
07/06/1976: Central Bank of Trinidad and Tobago Established
The Central Bank of Trinidad and Tobago was established, becoming the country's central monetary authority.
05/05/1975: Introduction of decimalization
Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.
01/01/1973: Fixed exchange rate
Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.
03/07/1972: Barbados gains independence
Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.
01/01/1964: Introduction of the Trinidad & Tobago Dollar
The Trinidad & Tobago Dollar was introduced as the official currency, replacing the British West Indies Dollar.
01/10/1935: Introduction of Barbadian Dollar
The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.