Web Trader MT5
Official currency of the Bahamas, pegged 1:1 to the US dollar since 1973. The peg has held without serious challenge for fifty-plus years, mostly because the Bahamian economy is so heavily dollarised already (tourism receipts, foreign investment, and most large transactions happen in USD anyway).
You’ll notice this immediately if you visit. Hotels, taxis, and shops accept either currency, often interchangeably, and your change might come back in a mix of both.
Because of the peg, Bahamian monetary policy is essentially imported from Washington. The Federal Reserve raises rates; Bahamian rates follow. The Central Bank’s main job is keeping enough USD reserves to defend the parity if anyone ever doubts it, which so far they haven’t.
Example: A diner in Nassau pays a 60 BSD bill with three US twenty-dollar notes. The waiter doesn’t blink, doesn’t compute conversion, and doesn’t add a service charge for the swap. That’s the peg in everyday practice.
