Home' Trinidad and Tobago Guardian : February 17th 2014 Contents A19
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Look for the unique bird on each denomination
$1 -- Scarlet Ibis, $5 -- Mot Mot, $10 -- Cocrico, $20 -- Humming Bird,
$50 -- Red Capped Cardinal, $100 -- Bird of Paradise.
Did you check it?
Look for the security thread to the left of the Coat
of Arms. It's silver and bears the letters CBTT
followed by the denomination. So the $1 note will
Look for the watermark on the right
of the Coat of Arms... Just above the
A message from the Central Bank of Trinidad and Tobago.
Visit our website www.central-bank.org.tt for more tips.
This Carnival, Get to Know Your Money... It's Quick and Easy
Scotiabank has boosted its significant
presence in T&T's credit card market with
the launch new designs for its card.
"Scotiabank has a sizeable chunk of
the credit card market in T&T. Our
marketshare is significant and from a
dollar value standpoint and from a
number of cards standpoint we are
close to about one third of the market.
Our card base has been growing
significantly and our fast growing cards
are actually the Aero and Magna Cards,"
said Savon Persad, senior general
manager, Retail and Small Business,
Scotiabank, during the launch at Scotia
Centre, Richmond Street, Port-of-Spain.
The design applies to four of the
bank's credit cards---the standard or
classic Master Card, the Magna Card,
the Gold Card and the Aero Card.
"The current designs of our credit
cards are over a decade old. We thought
we needed to redesign the card to
create a better brand connection, a
stronger connection to the Scotiabank
brand. "Also, a design that supports
stronger brand resonance that create
loyalty. It creates a consistency across
all cards not only in T&T but the plan is
there will be a consistency of designs
across the region for both the Caribbean
and Latin America," Persad said.
Scotiabank debuts new look credit cards
T&T is one step closer to dealing
with liquidity, Prime Minister Kamla
Persad-Bissessar told members of the
business community on Friday.
She said the country is now capable
of raising funds in the local market
rather than looking for funding inter-
"There is so much excess liquidity
here that our citizens can put their
money into the fund, so that we can
use the funding here and give a higher
return to local citizens only," Persad-
Bissessar said in the feature address at
the luncheon during the third PreAn-
nual Meeting of the Governors of the
Inter-american Development Bank
(IDB), Caribbean Country Department,
at the Hyatt Regency in Port-of-Spain.
Later, in an interview, Central Bank
Governor Jwala Rambarran said high
liquidity was engaging his attention
and groups have been set up to look
at ways to alleviate the problem.
He said the possibility of the setting
up of a fund to satisfy the needs of the
wider community is being considered.
"The Prime Minister is quite right
to point to the situation of excess liq-
uidity, it is an issue that we are
addressing right now at the Central
Bank through the capital markets
development initiative that we have
underway," Rambarran said.
"We actually have the private sector,
bank entities like NIB and UTC, looking
at how we might be able to structure
a fund or possibly two funds to address
national infrastructure development
Rambarran said through the capital
markets initiative the Central Bank has
four groups looking at liquidity.
Finance Minister Larry Howai said
a possible option is for the public or
private sector to use the funds, while
at the same time it would give investors
a better interest.
"We have not really developed all
the mechanisms around that. In
terms of the idea the Prime Minister
had to develop it for older people,
for example, provide them with
bonds and so on, the issue with the
bonds for older people is that con-
sideration should be given on whether
there are any legal restrictions."
Howai said discussion are ongo-
ing: "The Central Bank had set up
several committees to deal with it
(liquidity) and they have been in
discussions, they have been doing
that for a number of months and
have been looking at a number of
PM: T&T dealing with liquidity
Energy Minister Kevin Ramnarine met with new Atlantic director Christiano Pinto Da Costa at the offices
of the Ministry of Energy and Energy Affairs in Port-of-Spain. Da Costa is the representative of Shell on
the board of Atlantic. Shell has replaced Repsol as a shareholder in all four LNG trains and now sits on
the Board of Atlantic. Ramnarine noted that Shell's acquisition of Repsol's assets in Atlantic was a
demonstration of the company's long-term confidence in T&T. He also congratulated Shell on the 100th
anniversary of their business presence in the country. Here Da Costa, second from left, presents
Ramnarine with a copy of a book commemorating Shell's 100 years in T&T. Also in photo are, from left,
the ministry's permanent secretary Selwyn Lashley, Luis Prado, country chairman for Shell and TC Wong
The Prime Minister is quite
right to point to the
situation of excess
liquidity, it is an issue that
we are addressing right
now at the Central Bank
through the capital
initiative that we have
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