The Bahamas - Money

The Bahamian dollar is fixed to the U.S. dollar on a one-to-one exchange ratio. As such, the Bahamian currency is dependent on the strength or weakness of the U.S. dollar.

There are over 400 banks in the Bahamas, but only 9 are regular, full-service commercial institutions. The others specialize in international banking and investment. In 1998, the government established the Bahamas Financial Services Board to promote the nation as a major financial center and to coordinate financial services. In 2000 the Bahamas International Securities Exchange was launched as the nation's first stock market.

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Feb 3, 2011 @ 10:10 am
when departing the bahamas for the us, how does one go about converting bahamas dollars to us dollars? can this be accomplished in the hotel or airport? what is the standard charge?

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