Information about currency: Bahamian Dollar

Bahamian Dollar (1966 - present)
Currency NameBahamian Dollar
System1 Dollar = 100 Cents
ISO CodeBSD
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.

Coin Types in currency: Bahamian Dollar (9)
Coin TypeTypeFromToSub-typesCoins
Five Dollars Regular Circulating 1966 1 13
Two Dollars Regular Circulating 1966 1 16
One Dollar Regular Circulating 1966 3 24
Fifty Cents Regular Circulating 1966 2 23
Twenty-five Cents Regular Circulating 1966 2 28
Fifteen Cents Regular Circulating 1966 24
Ten Cents Regular Circulating 1966 29
Five Cents Regular Circulating 1966 31
One Cent Regular Circulating 1966 5 36
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Bahamian Dollar: Details
Issued ByBahamas
From1966
To
Bahamian Dollar: Users
CountryPeriodFromTo
Flag of Bahamas Bahamas Bahamian Dollar 1966