Currency Information on Bahamian dollar -BSD — Bahamian Dollar - $
As is the case with most dollar-based currencies, one Bahamian dollar divides into 100 cents, and a B is used to prefix the dollar sign to distinguish the currency from others of the same name. The Bahamian dollar is tied to the US dollar at a 1:1 ratio, and the Central bank of the Bahamas work hard to ensure that this rate remains consistent, by means such as bank discount rate changes and reserves.
Coins which are frequently used in The Bahamas are 1, 5, 10 and 25 cents, whilst the 15 cent, 50 cent, 1 dollar, 2 dollar and 5 dollar coins are not commonly used. 1, 2, 5, 10, 20 and 50 dollar banknotes are in circulation and are frequently used in The Bahamas, whilst ½ dollar, 3 dollar and 100 dollar banknotes are less frequently used and circulated.
The Bahamas used Pounds until 1966, when B$ replaced them at a rate of 7 shillings: 1 dollar. Due to decimalisation and exchange rates, the 15 cent and 3 dollar coins were created, as 15 cent = 1 shilling and 1 pound = $3.
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