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Banque Centrale des Bahamas

Central Bank of the Bahamas

The creation of the Central Bank of the Bahamas dates back to June 1, 1974. The country had taken its independence from the United Kingdom a year ago and wanted to conduct an independent monetary policy. The Central Bank of the Bahamas succeeds the Currency Board, an organization founded in 1919 which was mainly responsible for issuing the currency.
It is a new era that began with the founding of the central bank and its role is very clear: it is to foster monetary stability and promote economic development. To set monetary policy to develop the Central Bank of the Bahamas should take into account the national economic situation, budget operations and the evolution of emerging sectors. It must also monitor the regulations on credit agreements and liquidity positions. It is also the body that sets the rules for banks and trust companies: for example, it allows banks to lend if the resources from ongoing repayments are sufficient. The Central Bank of the Bahamas may also authorize the credit restrictions lifted if it considers that economic and monetary conditions are favorable.

Central Bank of the Bahamas


The creation of the Central Bank of the Bahamas dates back to June 1, 1974. The country had taken its independence from the United Kingdom a year ago and wanted to conduct an independent monetary policy. The Central Bank of the Bahamas succeeds the Currency Board, an organization founded in 1919 which was mainly responsible for issuing the currency.
It is a new era that began with the founding of the central bank and its role is very clear: it is to foster monetary stability and promote economic development. To set monetary policy to develop the Central Bank of the Bahamas should take into account the national economic situation, budget operations and the evolution of emerging sectors. It must also monitor the regulations on credit agreements and liquidity positions. It is also the body that sets the rules for banks and trust companies: for example, it allows banks to lend if the resources from ongoing repayments are sufficient. The Central Bank of the Bahamas may also authorize the credit restrictions lifted if it considers that economic and monetary conditions are favorable.

Détails
Résultats 1 - 6 sur 6.
Résultats 1 - 6 sur 6.