FAQs

Controller of Exchange

How have external (foreign currency) reserves changed over the past few years?

At end-December 2006, external reserves stood at $499.8 million. In millions of Bahamian dollars, the following shows how the country's stock of external reserves has varied over the years:

Year B$ Millions
1996 163.0
1997 219.5
1998 338.8
1999 404.0
2000 342.6
2001 312.4
2002 373.2
2003 484.3
2004 667.8
2005 578.8
2006 499.8


  1. Are Bahamians permitted to open foreign currency accounts?
  2. Are Bahamians permitted to invest in financial securities abroad?
  3. What should I do if I wish to send funds to someone attending school outside of The Bahamas?
  4. As a non-resident am I permitted to enter into loan agreements denominated in Bahamian dollars?
  5. As a temporary resident in The Bahamas, would I be permitted to send funds to family etc. in my home country?
  6. Are there special provisions in respect of property transactions that involve non-residents?
  7. I am a Bahamian citizen who plans to take up residence outside of The Bahamas. Would foreign exchange restrictions still apply to me?
  8. How are external (foreign currency) reserves managed?
  9. How can we tell if external (foreign currency) reserves are 'too low'?
  10. How have external (foreign currency) reserves changed over the past few years?


Available FAQs