Issuer of Banknotes and Coins

How is currency placed into circulation?

According to the Central Bank of The Bahamas Act 2000, it is the sole right of the Central Bank to issue banknotes. Through the Central Bank of The Bahamas' Banking Department, banks request banknotes and coins according to their day-to-day needs, which are generally furnished upon request. Such transactions between the Central Bank and commercial banks are often carried out on a daily basis.

  1. Where are Bahamian banknotes and coins printed and minted?
  2. How is currency placed into circulation?
  3. What are the factors influencing the volume of banknotes in circulation?
  4. Can I reproduce a banknote for advertising or information purposes?
  5. Does the Bank still issue the $1/2 and $3 banknotes and the 15-cent coin?
  6. What should I do if I have a counterfeit banknote or suspect a banknote to be counterfeit?
  7. Can I be reimbursed for a counterfeit banknote?
  8. Are torn banknotes legal tender and, in addition to multilated banknotes, are they redeemable? If so, what should I do?

Available FAQs