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Information about currency: Bahamian Dollar

Currency nameBahamian Dollar
CountryBahamas
Dates1966 -
System

1 Dollar = 100 Cents

Description

The dollar (sign: $; code: BSD) has been the currency of The Bahamas since 1966. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

The Bahamian dollar is pegged to the U.S. dollar on a one-to-one basis. The Central Bank of The Bahamas' objective is to keep stable conditions, including credit, in order to maintain the parity between the U.S. dollar and the Bahamian dollar while allowing economic development to proceed.

The dollar replaced the pound at a rate of 1 dollar = 7 shillings in 1966. This rate allowed the establishment of parity with the U.S. dollar, due to the sterling/dollar rate then being fixed at £1 = $2.80. To aid in decimalisation, three-dollar bills and fifteen-cent coins were created, as three dollars was roughly equivalent to one pound, and fifteen cents to a shilling, at the time of transition.

Currency Bahamian Dollar was used:
Country From To
Bahamas Bahamian Dollar 1966
Coin types of currency Bahamian Dollar:
Five Dollars 1966 -

Two Dollars 1966 -
  Two Dollars (Pelicans) 1966 - 1980

One Dollar 1966 -
  One Dollar (Silver) 1966 - 1980
  One Dollar (CuproNickel, regular) 1974 - 1996
  One Dollar (CuproNickel, special editions) 1982 -

Fifty Cents 1966 -
  Fifty Cents (Silver) 1966 - 1980
  Fifty Cents (CuproNickel) 1974 -

Twenty-five Cents 1966 -
  Tweny-five Cents (Nickel) 1966 - 1989
  Twenty-five Cents (CuproNickel) 1991 -

Fifteen Cents 1966 -

Ten Cents 1966 -

Five Cents 1966 -

One Cent 1966 -
  One Cent (Nickel-Brass) 1966 - 1969
  One Cent (Bronze) 1970 - 1970
  One Cent (Brass) 1971 - 1985
  One Cent (Copper-plated Zinc) 1985 - 2007
  One Cent (Copper-plated Zinc, small) 2009 -