The Supermarket Association of Trinidad and Tobago (SATT) says its members will no longer accept $1, $5, $10, $20, $50 cotton notes and $50 polymer notes after December 15th.

The following is a press release from SATT:

SATT wishes to advise that pursuant to the demonetisation of the $1, $5, $10, $20, $50 cotton notes and $50 polymer notes that will become illegal tender on and after January 1st 2022, SATT advises that its member stores will no longer be accepting these notes after Wednesday 15 th December 2021.

Whilst this is regrettable, we reference the reluctance of financial institutions to provide any guarantees of fidelity during the transition process as well as their proposed lock off dates for acceptance.

In such circumstances in such a short turnaround period without transition, we encourage customers and shoppers to take advantage of the period up to Wednesday 15 th December 2021 to transact your notes in store or deposit them accordingly.

We also advise customers that this remains subject to change if there should there be an indication by the banking sector that arrangements will be made available to ensure the value of notes is retained by way of facilities put in place up to a period to indemnify against loss.