Tagged: Central Bank of Bahamas

Central Bank of The Bahamas Initiates Consultation on a Plan to Eliminate Use of Paper Cheques

December 30, 2021 @ 7:13 pm By Omar Faridi |

The Central Bank of The Bahamas has officially started consultations with banking institutions, credit unions as well as other payment services providers on a strategy to “eliminate all use of domestic cheques by the end of 2024.” According to a release, wider public consultation is… Read More

Central Bank of the Bahamas to Launch its Own Fiat Digital Currency to Ensure Economy Remains Stable After Natural Disasters

October 26, 2019 @ 9:39 am By Omar Faridi |

The Central Bank of the Bahamas (CBOB) is reportedly preparing to launch its own fiat-based digital currency to ensure that the nation’s economy remains stable in the event of a natural disaster. CBOB governor John Rolle recently confirmed that the country was planning to release… Read More