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.
24/03/2020: COVID-19 Impact on Indian Rupee
The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.
08/11/2016: Demonetization
The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.
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.
03/07/2007: Indian Rupee Symbol
The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.
17/05/1993: Introduction of Polymer Banknotes
Trinidad & Tobago introduced polymer banknotes to replace the traditional paper currency, enhancing security and durability.
21/06/1991: Liberalization of Indian Economy
India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.
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.
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.
24/06/1957: Decimalization of Indian Rupee
The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.
15/08/1947: Indian Independence
India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.
01/01/1862: Introduction of Indian Rupee
Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.