Central Bank Issues Statement On 5-Cent Coin

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No decision has been made regarding the continued issuance and subsequent demonetization of the 5-cent coin. This according to the Central Bank of Trinidad & Tobago.

In a statement issued this afternoon (Tuesday 24th February, 2026), the Central Bank said, “This is, however, under consideration as a cost saving initiative for the country given the cost to produce the 5-cent coin (about 24 cents each); this is similar to the experience with the 1-cent coin, which, at the time that the Bank stopped issuing it in 2017 was costing 21 cents each to produce.”

The Central Bank added, “If a decision is taken to stop issuing and, subsequently, to demonetize the 5-cent coin, the public will be notified well ahead of time via the Bank's official communication channels. This will include the process for redeeming the coins to ensure that this is managed seamlessly as in the case of the 1-cent coins which continue to be redeemed indefinitely following its demonetization in 2018.”

More on this as it becomes available.

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