National Security Minister Stuart Young says the current Trindad and Tobago $100 note will be withdrawn from circulation and a new polymer note with security features will be implemented.
Speaking at the Post Cabinet news conference at the Diplomatic Centre, St Ann's Young announced the decision which he said will help crackdown on corruption and illicit criminal activity.
Young said criminal and corrupt activities are being conducted through the use of "stored cash" and also fuels crimes such as money laundering and tax evasion etc.
He said the Central Bank Governor will unveil the new design which will also have Braille on it to assist the visually impaired.
Immediate steps will be taken to effect this measure as Young said moves to amend the Central Bank Act will take place at the Parliament sitting tomorrow and on Saturday an emergency sitting on the Senate will be held to ensure the legislation is amended as needed and goes through the full Parliamentary process.