Banking in the Bahamas

MISSION STATEMENT

To foster an environment of monetary stability conducive to economic development, and to ensure a stable and sound financial system.

The central financial institution in the Bahamas is the Central Bank of the Bahamas. It was established in June 1974 by an Act of Parliament as successor to The Bahamas Monetary Authority.

The current Governor of the Central Bank is Mr. Julian W. Francis.

Deputy Governor – Mrs. Wendy Craig

Its responsibilities include:

Performing the traditional roles of issuing legal tender
Maintaining external value of the Bahamian dollar
Promoting monetary stability and a sound financial structure
Acting as a banker and advisor to the government
Compilation of financial statistics

The Central Bank of The Bahamas, like most other central banks, does not accept deposits from, nor make loans to, the public but acts as a banker to banks and to the government.

For more information contact: The Central Bank of the Bahamas,

Frederick Street

PO Box N-4868

Nassau, Bahamas

Telephone: (242) 322-2193 /4