BAHAMAS

CURRENCY:

Bahamian Dollar - BSD, Symbol B$

DENOMINATIONS:

NOTE: B$100, 50, 20, 10, 5, 3 and 1, and 50 cents.

COIN: 25, 15, 10, 5 and 1 cents.

US DOLLAR ACCEPTED:

Yes, widely. The Bahamian Dollar is in parity with the US Dollar, and the US Dollar can be used as legal tender in the Bahamas.

CREDIT/DEBIT CARDS AND ATMS:

Main credit card providers MasterCard, Visa, American Express, Diners Club are widely accepted. ATMs are also available in the Bahamas.

CURRENCY EXCHANGE:

Available in usual outlets such as bureaux de change and banks, as well as some hotels. It is advisable to arrange currency exchange before travel in order to access the best rates.

TRAVELLER'S CHEQUES:

It is best to use Travellers Cheques in US Dollars.

BANKING HOURS:

Mon-Thurs 0930-1500 OR 1600, Fri 0930-1700.

COUNTRY OVERVIEW:

The Bahamas are located in the Atlantic Ocean and is made up of many islands. The capital is Nassau. The official language of the Bahamas is English, and are part of the Commonwealth Nations– the Queen of The Bahamas is the same as the United Kingdom. Originally discovered by the Spanish, it was then taken over by the British under King Charles II.

CURRENCY RESTRICTIONS:

Restrictions apply. Local currency is prohibited for export, and limits apply for import. On international currency, declaration is mandatory on both import and export.

POPULATION:

307,541

ECONOMY:

The main source of the economy in The Bahamas is tourism – the islands have a subtropical/tropical climate and is famous as a holiday destination for wealthy tourists. The income per capita is the third highest in the western hemisphere. Other elements of the economy here are fishing, farming and manufacture.