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BSD flagBahamian Dollar
(BSD) Insights

Currency of Caribbean archipelago nation of 700+ islands; tourism and financial services dominate (tourism = 50%+ of GDP, financial services = 20%+); proximity to Miami/Florida makes Nassau a prime US tourism and offshore banking gateway; 2019 – Hurricane Dorian (Cat 5) devastates Abaco and Grand Bahama ($3.4 billion damage); 2021 – Sand Dollar launched as world's first retail CBDC by any central bank; Bahamas is key financial services hub for Caribbean

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BSDBahamian Dollar

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Currency Snapshot

Technical specifications, central bank governance, and market standing for Bahamian Dollar.

ISO Code

BSD

Standardized ISO 4217 Currency Code

Symbol

B$

Unicode Glyphs & Display Symbol

Minor Unit

1/100 = Cent Decimals

Subdivision unit definition

Region

Bahamas

BSD Primary AreaGlobal Trade
Central Bank

Central Bank of The Bahamas

Central Bank of The Bahamas

Pegged Currency

US Dollar (USD)

Market-determined exchange rate mechanism

Currency Standard: Fiat (USD-pegged at 1:1)

Classified as Fiat (USD-pegged at 1:1) in global trade networks

Banknotes

B$ ½

Coins

1c

Global Network Integration

The FX Intelligence terminal maps the institutional footprint of the Bahamian Dollar, highlighting cross-border utilization and primary trading corridors.

Fiat (USD-pegged at 1:1)
Classification
USD/BSD (1:1)
Top Pair Mapping
The Bahamas; USD accepted at par everywhere
Main Adoption Regions
Bahamian Dollar Trading Terminal

Verified Authority

Regulated data streams mapped to Central Bank of The Bahamas.

Economic Intelligence

BSD Market Insights

Deep-dive analysis of the Bahamian Dollar's global impact, remittance role, and institutional influence.

Strong Currency Impact

Strong Currency Impact

N/A (USD-pegged); cheaper imports; lower tourism revenues when USD strengthens making Bahamas less competitive vs other destinations

Weak Currency Impact

Weak Currency Impact

N/A (USD-pegged); higher tourism revenues; financial services growth; hurricane rebuilding drives construction imports

Remittance Role

Remittance Role

Bahamas receives modest formal remittances; significant Haitian diaspora in Bahamas sends remittances to Haiti; financial services attract international professionals; tourism generates indirect employment income flows

Central Bank Tools

Central Bank Tools

USD peg mechanism (fully backed by reserves), Sand Dollar CBDC infrastructure, Reserve management, Offshore banking supervision

Support & Resources

Common Questions About Bahamian Dollar

Everything you need to know about BSD exchange rates, banknotes, and historical significance.

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