Central Bank of The Bahamas ACT
An Act to repeal the Central Bank of The Bahamas Act and to make fresh provisions for the establishment of a Central Bank, its functions
An Act to repeal the Central Bank of The Bahamas Act and to make fresh provisions for the establishment of a Central Bank, its functions
Under the Central Bank of The Bahamas Act, 2000 (the Act), the Bank is mandated “to promote and maintain monetary stability and balance of payments conditions, conducive to the orderly development of the economy; in collaboration with other financial institutions, to promote and maintain adequate banking services and high standards of conduct and management therein; and to advise the Minister of Finance on any matter of a financial or monetary nature referred by [the Minister] to the Bank for its advice.”
The Bahamas Ministry of Economic Affairs is the entity responsible for providing vision, strategic direction, policy, and information related to the movement of financial resources, economic diversification and growth.
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