| Bahamian Dollar BSD history |
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The Bahamian Dollar is the currency of the Bahamas. It has been in existence since 1966. Though it is abbreviated with the $ sign in a way to differentiate it from the other dollars of the world it is denoted as B$.
100 cents makes one Bahamian dollar. The ISO 4217 code for Bahamian Dollar is BSD. The Bahamian Dollar is pegged to the USD in the ratio of 1:1. In 1966, the dollar replaced the British pound at a rate of 1 dollar = 7 shillings. This rate permitted the establishment of the Bahamian Dollar with the USD since the sterling dollar was then fixed at £1 = $2.80. In 1966 the coins in circulation were in denominations of 1, 5, 10, 15, 25 and 50 cents and 1 dollar, and the currency notes were in denominations of ½, 1, 3, 5, 10, 20, 50 and 100 dollars. The Bahamas Monetary Authority took control over the issuance of paper currency in 1968, with the same denominations. In 1974, the Central Bank of the Bahamas took control over note manufacturing. The ½ and 3 dollars denominations were excluded in its first issue; however, these were re-introduced in 1984. |
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