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Encyclopedia > Bahamian dollar
Bahamian dollar
$1 note featuring Queen Elizabeth II (currently being replaced by new $1 note featuring Sir Lynden Pindling)
$1 note featuring Queen Elizabeth II (currently being replaced by new $1 note featuring Sir Lynden Pindling)
ISO 4217 Code BSD
User(s) The Bahamas
Inflation 1.2%
Source The World Factbook, 2004
Pegged with U.S. dollar at par
Subunit
1/100 cent
Symbol B$
Coins
Freq. used 1, 5, 10, 25 cents
Rarely used 15, 50 cents, $1
Banknotes
Freq. used $1, $5, $10, $20, $50, $100.
Rarely used $½, $3
Central bank The Central Bank of The Bahamas
Website www.centralbankbahamas.com

The dollar (ISO 4217 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. Elizabeth II (Elizabeth Alexandra Mary Windsor; born 21 April 1926) is Queen of sixteen sovereign states, holding each crown and title equally. ... The Right Honourable Sir Lynden Oscar Pindling ( 22 March 1930-26 August 2000) served as the first black Premier of the Colony of the Bahama Islands, 1967-1973 and as Prime Minister of the Bahamas, 1973-1992, as leader of the Progressive Liberal Party (PLP). ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... USD redirects here. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... $ redirects here. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... $ redirects here. ... This article is about the type of currency, for the U.S. Dollar see United States dollar. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ...

Contents

Relationship with the U.S. dollar

The Bahamian dollar is pegged to the U.S. dollar on a one-to-one basis. The Central Bank of The Bahamas states that it uses reserve requirements, changes in the Bank discount rate and selective credit controls, supplemented by moral suasion as main instruments of monetary policy, the objective of which 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. A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... The United States dollar is the official currency of the United States. ...


Although the U.S. dollar (as any other foreign currency) is subject to exchange control laws in The Bahamas, the parity between Bahamian dollars and U.S. dollars means that any business will accept either U.S. or Bahamian currency and many of the businesses that serve tourists have extra U.S. dollars on hand for the convenience of American tourists (who prefer receiving their change in U.S. dollars since most are on short visits).


History

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. It may also explain the unusual 15 cents coin, since this was roughly equivalent to 1 shilling. The pound was the currency of the Bahamas until 1966. ... This article is about coinage. ...


Coins

5 cent
Pineapple Coat of arms

In 1966, coins were introduced in denominations of 1, 5, 10, 15, 25 and 50 cents and 1 dollar. The 1 cent was struck in nickel-brass, the 5, 10, and 15 cents in cupronickel, the 25 cents in nickel, and the 50 cents and 1 dollar in silver. The 10 cents were scallop shaped, whilst the 15 cents was square. Silver coins were not issued for circulation after 1966. Bronze replaced nickel-brass in the 1 cent in 1970, followed by brass in 1974 and copper-plated zinc in 1985. In 1989, cupro-nickel 50 cents and 1 dollar coins were issued for circulation, although they did not replace the corresponding banknotes. Coat of arms of the Bahamas The coat of arms of the Bahamas contains a shield with the national symbols as its focal point, the shield is supported by a marlin and flamingo. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ...


The current 1, 5, and 25 cents coins are about the same size as their U.S. counterparts but with different metal compositions. The 15 cents coins are still produced by the Central Bank [1] but are not commonly used. All coins now bear the Bahamian Coat of Arms on one side with the words "Commonwealth of The Bahamas" and the date. The reverses of the coins show objects from Bahamian culture with the value of the coins in words. The 1 cent has a starfish, the 5 cents a pineapple, the 10 cents two bonefish, the 15 cents a hibiscus, and the 25 cents a native sloop. Coat of arms of the Bahamas The coat of arms of the Bahamas contains a shield with the national symbols as its focal point, the shield is supported by a marlin and flamingo. ... Orders Brisingida (100 species[1]) Forcipulatida (300 species[2]) Paxillosida (255 species[3]) Notomyotida (75 species[4]) Spinulosida (120 species[5]) Valvatida (695 species[6]) Velatida (200 species[7]) For other uses, see Starfish (disambiguation). ... For other uses, see Pineapple (disambiguation). ... Genera Albula Pterothrissa See text for species. ... For other uses, see Hibiscus (disambiguation). ... For the military definition of sloop see: Sloop-of-war. ...


Banknotes

In 1966, the government introduced notes in denominations of ½, 1, 3, 5, 10, 20, 50 and 100 dollars. The Bahamas Monetary Authority took over the issuance of paper money in 1968, issuing the same denominations. In 1974, the Central Bank of the Bahamas took over note production. Its first issue of notes did not include the ½ and 3 dollars denominations but these were reintroduced in 1984.


The dollar has undergone several revisions in the last twenty years, one of the more notable being an extremely colourful redesign in celebration of the quincentennial of the landing of Christopher Columbus on a Bahamian island he named San Salvador. Christopher Columbus (1451 – May 20, 1506) was a navigator, colonizer, and explorer and one of the first Europeans to explore the Americas after the Vikings. ... San Salvador Island, also known as Watling Island, is an island and district of the Bahamas. ...


All banknotes have been undergoing design changes to foil forgery in recent years, although the notes implemented more stringent security long before the U.S.'s recent redesign of their notes. Note: All banknotes are the same physical size, like the U.S. dollar but unlike the euro. The latest counterfeit-proof formula is the "Counterfeit Resistant Integrated Security Product", or CRISP. The new $10 banknote was released on August 5, 2005, while the $20 banknote was released on September 6, 2006. [2] In October 2005, someone counterfeited one of the new CRISP $10 bills, serial number A161315. Bahamian authorities warned merchants to look for banknotes that lacked the distinctive watermark. [3] Forgery is the process of making or adapting objects or documents (see false document), with the intention to deceive. ... For other uses, see Euro (disambiguation). ... is the 217th day of the year (218th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in October 28: Richard Smalley 26: Emil Kyulev 24: José Azcona del Hoyo 24: Rosa Parks 23: Stella Obasanjo 22: Liam Lawlor 22: Shirley Horn 20: Endon Mahmood 17: Ba Jin 10: Milton Obote 7: Charles...


Until a few years ago all notes displayed a portrait of Queen Elizabeth II (Head of State) but notes began to display portraits of prominent Bahamian politicians who have died. This policy is now being reversed, with the return of the Queen's portrait to the $10 note. The $½ shows an older Queen Elizabeth II and the back shows a picture of Sister Sarah in the Nassau Straw Market; the $1 shows Sir Lynden Pindling and on the back the Royal Bahamas Police Force Band; the $3 has a young Queen Elizabeth II and on the back shows a Family Island Regatta with native sloops; the $5 – Sir Cecil Wallace-Whitfield and the back shows a Junkanoo group 'rushing' in the Junkanoo parade; the $10 – an older Queen Elizabeth II (replacing Sir Stafford Sands) and the back shows the Hope Town Lighthouse and settlement in Abaco, the $20 – Sir Milo Butler; the $50 – Sir Roland Symonette; the $100 – an older Queen Elizabeth II and the back shows a jumping blue marlin, the national fish of The Bahamas. Elizabeth II (Elizabeth Alexandra Mary Windsor; born 21 April 1926) is Queen of sixteen sovereign states, holding each crown and title equally. ... The Right Honourable Sir Lynden Oscar Pindling ( 22 March 1930-26 August 2000) served as the first black Premier of the Colony of the Bahama Islands, 1967-1973 and as Prime Minister of the Bahamas, 1973-1992, as leader of the Progressive Liberal Party (PLP). ... Junkanoo is a street parade with music, which occurs in many towns across the Bahamas every Boxing Day (December 26) and New Years Day. ... Hope Town is one of the districts of the Bahamas, on the Abaco islands. ... Milo Butler (1906 - 1979) was a Bahamian administrator. ... Sir Roland Theodore Symonette (1898 - 1980) was a Bahamian political figure. ... Binomial name Makaira nigricans The blue marlin (Makaira nigricans) is a species of marlin. ...

Current BSD exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

See also

Overview The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. ... Islands in and near the Caribbean This is a list of the central banks and currencies of the Caribbean. ...

References

  • Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9. 

The Standard Catalog of World Coins is a series of numismatic catalogues that is commonly known as the Krause catalogues in the numismatic trade. ... The Standard Catalog of World Paper Money is a very well-known catalogue of banknotes that is published by Krause Publications in three volumes. ...

External links

Image File history File links No higher resolution available. ... This article is about the type of currency, for the U.S. Dollar see United States dollar. ... ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 1. ... The Barbados dollar – currency symbol $ or Bds$ – is the national unit of currency of Barbados. ... ISO 4217 Code BZD User(s) Belize Inflation 3% Source The World Factbook, 2006 est. ... The dollar (ISO 4217 code: BMD; symbol: $) has been the national currency of Bermuda since 1970. ... ISO 4217 Code BND User(s) Brunei, Singapore Inflation 0. ... C$ redirects here. ... It has been suggested that this article or section be merged with Cayman Islands dollar. ... ISO 4217 Code none User(s) Cook Islands Inflation 2. ... The East Caribbean dollar (currency code XCD) is the currency of eight members of the Organisation of Eastern Caribbean States. ... ISO 4217 Code FJD User(s) Fiji Inflation 1. ... The dollar (currency code GYD) has been the currency of Guyana since 1966. ... ISO 4217 Code HKD User(s) Hong Kong Inflation 2. ... The dollar (ISO 4217 code: JMD) is the currency of Jamaica. ... The dollar (currency code LRD) has been the currency of Liberia since 1943. ... The Namibian dollar (abbreviated N$ or NAD) is the national currency of Namibia, adopted in 1993. ... ISO 4217 Code NZD User(s) New Zealand, Cook Islands, Niue, Pitcairn Islands, Tokelau Inflation 2. ... The tala is the currency of Samoa. ... ISO 4217 Code SGD User(s) Singapore, Brunei Inflation 1% Source The World Factbook, 2006 est. ... The Solomon Islands Dollar was introduced in 1975 to replace the Australian Dollar after independence. ... The dollar (currency code SRD) has been the currency of Suriname since 2004. ... ISO 4217 Code TWD User(s) Republic of China Inflation 0. ... The dollar (ISO 4217 code: TTD; also TT$) is the currency of Trinidad and Tobago. ... USD redirects here. ... ISO 4217 Code ZWD (initially ZWN) User(s) Zimbabwe Inflation est. ... ISO 4217 Code MYR User(s) Malaysia Inflation 2. ... The dollar has been the currency of Antigua since 1913. ... The dollar was the currency of British Columbia between 1865 and 1871. ... The British North Borneo dollar was the currency of British North Borneo from 1882 to 1953. ... The British West Indies dollar (BWI$) was the currency of the various British West Indies territories from 1935 and, later, of the unitary West Indies Federation. ... The rixdollar was the currency of Ceylon until 1828. ... Six Confederate notes The Confederate States of America dollar was first issued into circulation in April, 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. ... It has been suggested that this article or section be merged into Continental (currency). ... The Rigsdaler was the unit of currency used in Denmark until 1873 and in Norway until 1816. ... The daler (also written dollar) was the currency of the Danish West Indies between 1849 and 1917. ... The rigsdaler was the currency of the Danish West Indies until 1849. ... The dollar was the currency of Dominica until 1862. ... The rijksdaalder was an 18th century Dutch coin worth 2½ gulden or 50 stuiver. ... The rigsdaler was the currency of Greenland until 1874. ... The dollar was the currency of Grenada until 1840. ... The dollar or dala became the currency of Hawaii in 1879. ... The dollar was a currency issued by Germany for use in its protectorate of Kiautschou, an area around the city of Qingdao. ... The Malaya and British Borneo dollar was the currency of Malaya, Singapore, Sarawak, British North Borneo and Brunei from 1953 to 1967. ... The Malayan dollar was the currency of the British colonies and protectorates in Malaya and Borneo. ... The dollar was the currency of Mauritius until 1877. ... The dollar was the currency of Mongolia between 1921 and 1925. ... The dollar was the currency of Nevis until 1830. ... The dollar was the currency of New Brunswick between 1861 and 1867. ... ISO 4217 Code NFD User(s) Newfoundland Subunit 1/100 1/50 cent pence Symbol $ or NF$ cent pence ¢ p Coins Freq. ... The rigsdaler was the unit of currency used in Norway until 1816 and in Denmark until 1873. ... The speciedaler was a Norwegian coin, initially equivalent to the Danish rigsdaler specie coin of the 18th century. ... The dollar was the currency of Nova Scotia between 1861 and 1871. ... The dollar was the currency of Penang between 1786 and 1826. ... The dollar was the currency of Prince Edward Island between 1871 and 1873. ... The dollar has been the currency of Puerto Rico since 1901. ... The Rhodesian Dollar was the currency used by Rhodesia between 1970 and 1980. ... The dollar was the currency of Saint Kitts until 1830. ... The dollar has been the currency of Saint Lucia since 1920. ... The dollar was the currency of Saint Vincent until 1825. ... Sarawak dollar of 1935 The dollar was the currency of Sarawak from 1858 to 1953. ... The dollar was a currency issued in Sierra Leone between 1791 and 1805. ... ISO 4217 Code SIT User(s) Slovenia Inflation 0. ... The Spanish dollar or peso (literally, weight) is a silver coin that was minted in the Spanish Empire after a Spanish currency reform in 1497. ... The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements until 1939. ... The dollar was the currency of Sumatra until 1824. ... The Riksdaler was the name of the currency used in Sweden until 1873 when it was replaced with the krona as an effect of the Scandinavian Monetary Union. ... The Old Taiwan Dollar (舊臺幣 or 舊台幣; ISO 4217 code TWN), sometimes called Old Taiwan yuan, was the currency of the Taiwan, Republic of China from 1946 to 1949. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... The dollar was the currency of Trinidad until 1814. ... The dollar was the currency of Tobago until 1814. ... The dollar is the currency of Tuvalu. ... This article is about the Chinese currency base unit. ... For other uses, see Birr (disambiguation). ... Eurodollars are deposits denominated in United States dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. ... A petrodollar is a dollar earned by a country through the sale of oil. ... The Geary-Khamis dollar, also known as the international dollar is a sophisticated aggregation method for calculating economic comparisons between countries. ... Second Life has its own economy and a currency referred to as Linden Dollars (L$). This economy is independent of the Pricing, where users pay Linden Lab. ... Entropia Universe is a massively multiplayer online virtual universe designed by Swedish software company MindArk. ... For the type of star, see Red dwarf. ... ISO 4217 Code AQD (unofficial) User(s) Antarctica Symbol A Coins None Banknotes A1, A2, A5, A10, A20, A50, A100 Monetary authority Antarctica Overseas Exchange Office Website www. ... Calgary Dollars is a local currency in Calgary, Alberta, Canada. ... The 5 cents and 10 cents denominations of Canadian Tire money Canadian Tire money (CTM) is a loyalty program by Canadian Tire. ... Disney Dollars is a form of corporate scrip used at Disney theme parks, The Disney Store and at certain parts of Castaway Cay, the Disney cruise-lines private island. ... ISO 4217 Code None User(s) Individuals and businesses primarily in the United States and insular areas of the United States such as Puerto Rico. ... The Toronto Dollar, founded in December 1998, is a paper local currency used in Toronto, Ontario. ... $ redirects here. ... The Holey Dollar of P.E.I. Back in the 1700s, the Spanish government minted a large silver coin which through wide circulation became known as the Spanish dollar. ... Examples of German and Austrian Thalers compared to a US quarter piece (bottom center) The Thaler (or Taler) was a silver coin used throughout Europe for almost four hundred years. ... Trade Dollars were coins issued by various countries for use in foreign trade. ... World map showing the Americas CIA political map of the Americas in an equal-area projection The Americas are the lands of the New World, consisting of the continents of North America and South America with their associated islands and regions. ... North American redirects here. ... C$ redirects here. ... ISO 4217 Code DKK User(s) Denmark, Greenland, Faroe Islands 1 Inflation 1. ... For other uses, see Euro (disambiguation). ... USD redirects here. ... ISO 4217 Code MXN User(s) Mexico Inflation 3. ... For other uses, see Central America (disambiguation). ... ISO 4217 Code BZD User(s) Belize Inflation 3% Source The World Factbook, 2006 est. ... The colón (named after Christopher Columbus, known as Cristóbal Colón in Spanish) is the currency of Costa Rica. ... ISO 4217 Code GTQ User(s) Guatemala Inflation 6. ... The lempira (IPA: , ISO 4217 code: HNL) is the currency of Honduras. ... ISO 4217 Code NIO User(s) Nicaragua Inflation 9. ... For other uses, see balboa. ... USD redirects here. ... West Indies redirects here. ... The Aruban florin is the official currency of Aruba. ... The Barbados dollar – currency symbol $ or Bds$ – is the national unit of currency of Barbados. ... The dollar (ISO 4217 code: BMD; symbol: $) has been the national currency of Bermuda since 1970. ... It has been suggested that this article or section be merged with Cayman Islands dollar. ... ISO 4217 Code CUP User(s) Cuba Inflation 5% Source The World Factbook, 2006 est. ... The Cuban convertible peso (ISO 4217 code: CUC) is one of two official currencies in Cuba. ... ISO 4217 Code DOP User(s) Dominican Republic Inflation 8. ... The East Caribbean dollar (currency code XCD) is the currency of eight members of the Organisation of Eastern Caribbean States. ... For other uses, see Euro (disambiguation). ... St. ... Anthem For Sweden - The Land of The Incredible Biffs Capital (and largest city) Gustavia Official languages Swedish Government  -  Prime Minister of Sweden Nick XII Bonaparte  -  Prefect Per af Biffsläkt  -  President of the Territorial Council none yet; however Henning is the mayor of Saint-Barthelemy Overseas Collectivity of Sweden   -  Swedish... The gourde is the currency of Haiti. ... The dollar (ISO 4217 code: JMD) is the currency of Jamaica. ... The gulden is the unit of currency in the Netherlands Antilles. ... The dollar (ISO 4217 code: TTD; also TT$) is the currency of Trinidad and Tobago. ... USD redirects here. ... The United States Virgin Islands is a group of islands in the Caribbean that is a dependency of the United States. ... South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... The Argentine peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. ... The boliviano (ISO 4217 code: BOB) is the currency of Bolivia. ... ISO 4217 Code BRL User(s) Brazil Inflation 3. ... Chilean notes currently in circulation: 1,000; 2,000; 5,000; 10,000; 20,000 pesos The peso is the currency of Chile. ... ISO 4217 Code COP User(s) Colombia Inflation 4. ... For other uses, see Euro (disambiguation). ... ISO 4217 Code FKP User(s) Falkland Islands, South Georgia and the South Sandwich Islands Inflation 3. ... The dollar (currency code GYD) has been the currency of Guyana since 1966. ... The guaraní (plural: guaraníes; ISO 4217 code PYG) is the national currency unit of Paraguay. ... ISO 4217 Code PEN User(s) Peru Inflation 2. ... The dollar (currency code SRD) has been the currency of Suriname since 2004. ... USD redirects here. ... The peso uruguayo (ISO 4217 code: UYU) is the official currency of Uruguay. ... ISO 4217 Code VEB User(s) Venezuela Inflation 16% Source The World Factbook, 2005 est. ...

  Results from FactBites:
 
Dollar (291 words)
The dollar was also in use in Scotland during the 17th century, and there is a claim that it was invented at the University of St Andrews.
The use of the Spanish dollar and the Maria Theresa thaler as legal tender for the early United States is the reason for the name of that nation's currency.
Spanish dollars, or pieces of eight as they were called, were in circulation in the 13 colonies that became the United States and legal tender in Virginia.
Bahamian dollar - Wikipedia, the free encyclopedia (538 words)
The Bahamian dollar is pegged to the US dollar on a one-to-one basis.
All coins bear the Bahamian Coat-of-Arms on one side with the words "Commonwealth of The Bahamas" forming a crown around the Coat-of-Arms and the year of issue beneath the Coat-of-Arms.
The dollar has undergone several revisions in the last twenty years, one of the more notable being an extremely colourful redesign in celebration of the quincentanial celebrations of the 'discovery' of The Bahamas (and by extension the West) by Christopher Columbus when he landed on an island he dubbed San Salvador.
  More results at FactBites »

 
 

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