Central Banks

central bank of the bahamas

The Central Bank of the Bahamas was established on June 1, 1974, marking the beginning of a new phase in the monetary history of the Bahamas

The establishment of the Central Bank of the Bahamas on June 1, 1974 marked the beginning of a new phase in the monetary history of the Bahamas. Today, the Central Bank of the Bahamas continues to work hard to fulfill its mission. Comprehensive monetary policy was set out in the Bahamas Central Bank Act 1974, which is now superseded by the Bahamas Central Bank Act 2000. Banks therefore have a responsibility to promote and maintain monetary stability and conditions of credit and balance of payments conducive to the orderly development of the economy; to promote and maintain a proper banking system and high standards of banking conduct and management; Advise the Minister of Finance on matters.
The Bahamas is a North American island country located on the west coast of the Atlantic Ocean. The currency used is the Bahamas Dollar, code BSD.

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