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The Central Bank of The Bahamas was established on 1st June 1974, and marked the beginning of a new phase in the monetary history of The Bahamas. Today, the Bank continues to diligently pursue its mandate. Full scope of monetary policy was provided for under the Central Bank of The Bahamas Act, 1974 now superseded by the Central Bank of The Bahamas Act, 2000. Accordingly, it is the duty of the Bank to promote and maintain monetary stability and credit and balance of payments conditions conducive to the orderly development of the economy; to promote and maintain an adequate banking system and high standards of conduct and management therein; and to advise the Minister of Finance on any matter of a financial or monetary nature.
Chairman: Wendy M. Craigg