Suspension of Foreign Currency Purchases through the Investment Currency Market and Bahamas Depositary Receipt Programme

Published: Monday May 4th, 2020

The Central Bank of The Bahamas announces, with immediate effect, the suspension of approvals of applications to purchase foreign currency for transactions via the Investment Currency Market (ICM) and the Bahamas Depositary/Depository Receipt ("BDR") programme. Both programmes fund external portfolio investments, the latter also promoting deepening of domestic capital markets.