Trinidad and Tobago launches commemorative $50

LAUNCH OF THE $50 BANKNOTE DESIGNED BY THE CENTRAL BANK OF TRINIDAD AND TOBAGO IN COLLABORATION WITH DE LA RUE, TO COMMEMORATE TRINIDAD AND TOBAGO’S 50TH ANNIVERSARY OF INDEPENDENCE

The Honourable Minister of Finance, Mr Winston Dookeran gave the official address at this prestigious launch today at the Central Bank of Trinidad and Tobago.

Port of Spain: June 20, 2012:

De La Rue, the world’s largest integrated commercial banknote printer has worked with Trinidad and Tobago in a variety of areas over the years and today supplies the Central Bank of Trinidad and Tobago with banknotes.

The Central Bank of Trinidad and Tobago launched a new $50 banknote to celebrate the country’s 50th Anniversary of Independence. Ruth Euling, Sales Director, De La Rue said; “ De La Rue was delighted to be given the opportunity to be part of the design of such a prestigious and important banknote for Trinidad and Tobago. I am sure that the long established relationship we have built with the islands over the past 50 years was an important factor in De La Rue being awarded this contract.”

The $50 note depicts on the front, the Red- Capped Cardinal Bird that is widely associated with Trinidad and Tobago and whose colours are those of the national flag, and on the back the Red House, the seat of national parliament. It also incorporates state-of-the-art security features including a holographic patch. A limited number of $50 notes carry the words “Celebrating 50 Years of Independence, 1962-2012” around the Coat of Arms to specifically commemorate this Anniversary of the Independence of Trinidad and Tobago.

Governor Ewart S. Williams of the Central Bank of Trinidad and Tobago commented; “We are very pleased to partner with De La Rue in the design of the $50 note to commemorate this important anniversary. We have included world class security features to address the threat of counterfeiting and expect the note to be well accepted by the general public.”

This is the latest banknote printed by De La Rue which has a track record in winning awards for its banknote designs. De La Rue customer banknotes have won every major design award in the past five years.

ENDS

About De La Rue plc:

As the world’s largest integrated commercial banknote printer, De La Rue is a trusted partner of governments, central banks, issuing authorities and commercial organisations around the world.

In the past five years alone, the Group has been involved in the design or production of over 150 national currencies. De La Rue also produces a wide range of security documents including passports, driving licences, authentication labels and tax stamps. In addition, the Group manufactures sophisticated, high speed cash sorting and inspection equipment.

De La Rue also offers a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.

De La Rue employs approximately 4,000 people worldwide and is listed on the London Stock Exchange. For further information visit De La Rue’s website at www.delarue.com.

For further information, please contact Rob Hutchison, Group Director of Marketing Communications, De La Rue (rob.hutchison@uk.delarue.com).

About The Central Bank of Trinidad and Tobago:
The Bank’s mandate is the promotion of monetary, credit and exchange policies to foster monetary and financial stability and public confidence in the economy of Trinidad and Tobago.

The Central Bank is the only institution in the country which is authorized to issue and redeem currency notes and coins. This involves:

  • designing the currency;
  • maintaining integrity of the currency; and
  • providing an adequate supply of currency to satisfy the needs of the public.

For further information, please contact The Central Bank of Trinidad and Tobago, Corporate Communications Department at info@central-bank.org.tt

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