Money and duty free for Trinidad and Tobago
Currency and Money
Currency information
Trinidad and Tobago Dollar (TTD; symbol TT$) = 100 cents. Notes are in denominations of TT$100, 20, 10, 5 and 1. Coins are in denominations of 50, 25, 10, 5 and 1 cents. The Trinidad & Tobago Dollar (TT$) is a relatively stable currency. Current rates: 1 TT$=US$0.15 or £0.10GBP. 1 US$ = 6.18 TT$. £1GBP = £9.93GBP.
Credit cards
American Express, Diners Club, MasterCard and Visa are accepted by most banks, shops and tourist facilities. A number of ATMs take debit and credit cards in both Trinidad and Tobago (Scarborough only).
ATM
A number of ATMs take debit and credit cards in both Trinidad and Tobago (Scarborough only).
Travellers cheques
These are very widely accepted and will often prove the most convenient means of transaction. Banks charge a fee for exchanging traveller's cheques. Check for the best rates. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques, ideally in US Dollars or otherwise in Pounds Sterling.
Banking hours
Mon-Thurs 0800-1400, Fri 0900-1200 and 1500-1700.
Currency restrictions
The import of local currency is unlimited, provided it is declared upon arrival. The export of local currency is limited to TT$200. There is free import of foreign currency, subject to declaration. The export of foreign currency is limited to the amount declared upon arrival.
Currency exchange
Foreign currency can only be exchanged at authorised banks and some hotels.
Trinidad and Tobago duty free
Overview
The following goods may be imported into Trinidad and Tobago by persons over 17 years of age without incurring customs duty:
• 200 cigarettes or 50 cigars or 250g of tobacco.
• 1.5L of wine or spirits.
• Goods up to the value of TT$3,000 (you can only claim this limit once a year; if you make multiple trips, a record will be made of each claim until you meet the limit).
Banned Imports
Prohibited and restricted imports include firearms, honey, some toy guns and pornography.
