Central Bank of The Bahamas

Central Bank of The Bahamas

MISSION STATEMENT

To foster an environment of monetary stability conducive to economic development, and to ensure a stable and sound financial system.

The central financial institution in the Bahamas is the Central Bank of The Bahamas. It was established in June 1974 by an Act of Parliament as successor to The Bahamas Monetary Authority.

The current Governor of the Central Bank is Mrs. Wendy Craig.
Deputy Governor – Mr. Michael F. Lightbourne.

Its responsibilities include:

• Performing the traditional roles of issuing legal tender.
• Maintaining external value of the Bahamian dollar.
• Promoting monetary stability and a sound financial structure.
• Acting as a banker and advisor to the government.
• Compilation of financial statistics.

The Central Bank of The Bahamas, like most other central banks, does not accept deposits from, nor make loans to, the public but acts as a banker to banks and to the government. For more information contact:

The Central Bank of the Bahamas

Frederick Street, PO Box N-4868, Nassau,New Providence, Bahamas
Tel. (242) 322-2193 /4