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Money
Currency: Bahamian Dollar (B$) = 100 cents. Notes are in denominations of B$100, 50, 20, 10, 5, 3 and 1, and 50 cents. Coins are in denominations of 25, 15, 10, 5 and 1 cents. The Bahamian Dollar has parity with the US Dollar and the latter is also accepted as legal tender.
Note: The Bahamian Dollar is tied to the US Dollar.
Currency exchange: Available in banks and at exchange bureaux and hotels. ATMs are located on the larger islands in airport terminals, at banks and casinos and at other convenient locations.
Credit & debit cards: Diners Club, MasterCard, Visa and American Express are accepted. Check with your credit, or debit, card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: Permission is required from the Central Bank of the Bahamas to import local currency, which may be exported up to a maximum of B$70. The import and export of foreign currency are unlimited.
Exchange rate indicators
The following figures are included as a guide to the movements of the Bahamian Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 1.46 | 1.52 | 1.58 | 1.59 | | $1.00= | 1.00 | 1.00 | 1.00 | 1.00 |
Banking hours: Mon-Thurs 0930-1500, Fri 0930-1700.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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