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Central Bank of the Bahamas
The Central Bank of The Bahamas is the reserve bank of The Bahamas based in the capital Nassau. The bank was established on 1 June 1974 but traces its origins to the currency board established in 1919. The bank carries out the independent monetary policy and supervision of the financial sector of The Bahamas. History Currency Board In 1919, the British Government established the Board of Commissioners of Currency to issue local Bahamian currency pegged to the pound sterling. The Board helped promote the Bahamas' emergence as an international currency trading and banking center during the 1960s and 70s. By December 1967, there were 208 banks and trust companies in the Bahamas, up from only 37 in 1963. By 1974, there were 323. However, the legislative framework was inadequate to provide for the proper regulation and supervision of banking activities...
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str.rdfs:commentThe Central Bank of The Bahamas is the reserve bank of The Bahamas based in the capital Nassau. The bank was established on 1 June 1974 but traces its origins to the currency board established in 1919. The bank carries out the independent monetary policy and supervision of the financial sector of The Bahamas. History Currency Board In 1919, the British Government established the Board of Commissioners of Currency to issue local Bahamian currency pegged to the pound sterling. The Board helped promote the Bahamas' emergence as an international currency trading and banking center during the 1960s and 70s. By December 1967, there were 208 banks and trust companies in the Bahamas, up from only 37 in 1963. By 1974, there were 323. However, the legislative framework was inadequate to provide for the proper regulation and supervision of banking activities... -
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str.rdfs:labelCentral Bank of the Bahamas