The Central Bank

Is the Central Bank a Government department?

The Central Bank is a statutory body, distinct and separate from the central government as set out in the Central Bank of The Bahamas Act, 2000, Section 3, Subsection (2):

The Bank shall be a body corporate having perpetual succession and a common seal and subject to the provisions of this Act, with power to acquire, hold and dispose of movable and immovable property of whatever kind, and to enter into contracts and to do all things necessary for the purpose of its functions.

The Bank is run by a Board of Directors, which has overall responsibility for policy and the management of its affairs and business.

  1. What are the main tools employed by the Central Bank in performing its functions?
  2. What are reserve requirements?
  3. What is the Discount (Bank) Rate and how does it relate to Discount Policy?
  4. What have been the changes in the Discount (Bank) Rate over the past few years?
  5. Does the Central Bank accept deposits from or make loans to the general public?
  6. How does the Central Bank make money?
  7. Who are the Bank's former Governors and Deputy Governors?
  8. Is the Central Bank a Government department?
  9. Is there any significance to the selection of the Sandollar as the Central Bank of The Bahamas' Logo?
  10. What Publications does the Central Bank produce and when are they made available to the public?
  11. How can I get copies of the Bank's publications and is there a charge or fee for them?
  12. What is monetary policy and how is it different from fiscal policy?

Available FAQs