Monetary Policy in The Bahamas

The fundamental objective of monetary policy in The Bahamas has always been to maintain stable credit and other conditions to support the fixed parity between the Bahamian and U.S. dollars that has prevailed since 1973, while simultaneously allowing the economic development objective to be pursued. Over the years, the Central Bank has relied mainly on interest rate controls in combination with moral suasion and other policies to meet its monetary objectives.

Monetary Policy