Another country has joined the parade to eliminate its smallest denomination coin - Trinidad and Tobago cents will no longer be legal tender. Thanks to ultramodern numismatist Pabitra Saha for passing
this article along. -Editor
From July 3, 2018, the one-cent coin will no longer be accepted as legal tender in Trinidad and Tobago.
The Central Bank of Trinidad and Tobago said in a statement on April 1, 2018, that although the coins will no longer be accepted by local banks and merchants, the public can redeem one-cent coins at their commercial banks
or the Central Bank up to July 2, 2018.
From July 3, 2018, one cent coins can still be redeemed for value 'indefinitely' at counters of the Central Bank.
The Central Bank said the change will only affect cash transactions; all non-cash transactions such as cheque and electronic payments will continue as usual as there would be no need to round these payments.
To read the complete article, see:
Central Bank: One cent coin no longer legal tender from July 3
(http://www.looptt.com/content/central-bank-one-cent-coin-no-longer-legal-tender-july-3)
Wayne Homren, Editor
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