The Central Bank on Wednesday unveiled updated concept designs for the new polymer banknote series.

The elements of the refreshed design are consistent with the $100 polymer notes that replaced the old cotton-based notes which ceased to be legal tender on December 31, 2019.

The new bank notes in the $50, $20, $10, $5 and $1 quantities feature T&T Coat of Arms, the national flag above the bills' denominations and a clear window which can be seen from the front and back of the note.

The new details released on Wednesday show the designs on the anterior of the bills. The designs released in February this year featured the obverse only.

While the bills retain some of the elements of the current cotton-based notes in circulation, there are notable changes.

The old cotton-based bills will continue to be legal tender at least until the end of 2021. The new polymer notes will co-circulate with the existing notes during the demonetisation period.

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