Bahamian Dollar

About The Bahamian Dollar: The official currency of the Bahamas

Quick Facts About the Bahamian Dollar Notes

Country of Origin	Bahamas
Symbol	B$
Currency Code	BSD
Nick Names
Minor units	Cent
Denominations (Banknotes)	B$ 1/2, B$ 1, B$ 3, B$ 5, B$ 10, B$ 20, B$ 50, and B$ 100
Motto
Identification Feature
Issuing Bank	Central Bank of the Bahamas
In Circulation Since	1966

The Bahamian Dollar country is the Bahamas. It is the national currency of the Commonwealth of Bahamas and also the official currency of the Caicos, and Turks Islands. The Bahamian Dollar symbol is B$ and the code is BSD. The other currency accepted in the Bahamas is the US Dollar. The Bahamian Dollar symbol B$ distinguishes the currency from US $. The Bahamian Dollar is made of 100 cents and pegged on a 1-to-1 basis to the US Dollar.

Typically the Bahamian Dollar value is at parity with the US Dollar exchange rate. The Central Bank of the Bahamas aims to uphold stability in order to keep equivalence between the Bahamian Dollar and the US Dollar. The Central Bank of Bahamas issues the banknotes in denominations of B$ 0.50, B$1, B$5, B$10, B$20, B$ 50, and B$ 100. The coins come in denominations from 1 cent to 1 Dollar. All of the Bahamian Dollar Currency banknotes have been undergoing various changes over recent years to prevent forgery.

The Bahamian Dollar country banknotes depict prominent figures and scenes from the culture and history of the Bahamas. These include important places including the headquarters of the Central Bank of the Bahamas and Nassau Harbour as well as the politicians such as Sir Lynden O. Pindling (independence leader).

Bahamian Dollar price in other currencies,1 Bahamian Dollar to INR equals ⚠️ 🔄Indian Rupees.1 Bahamian Dollar to CAD equals 1.35 Canadian Dollars. 1 Bahamian Dollar to Naira equals 446.08 Nigerian Naira. 1 Bahamian Dollar to USD equals 1.00 US Dollars which means the Bahamian Dollar value is similar to USD. 1 Bahamian Dollar to GBP equals 0.83 Pound Sterling.

History of the Bahamian Dollar

After the Second World War, the British government started losing its colonial empire. In 1964, the Bahamas turned into self-governing. Later in 1966, the Bahamas issued the Bahamian Dollar. The Bahamas got completely independent in 1973. At that time, the Bahamian Dollar replaced the pound. It was done at a rate of 1 Dollar to 7 British Shillings. This rate permitted the establishment of parity with the US Dollar. In 2020, the Bahamas became the very first country to own a legal digital currency as it introduced the Sand Dollar as an alternative to the traditional currency. Bahamian Dollar value is the same as Sand Dollar and the only difference is the digital format.

Countries Accepting the Bahamian Dollar

Amount in the Bahamian Dollar You Should Carry for Your Trip

You can use US Dollars for transactions in addition to the Bahamian Dollar currency exchange in the Bahamas. Both currencies are tied and hold exactly the same value so both are interchangeable in the Bahamas. In the Bahamas, the casinos only accept US Dollars through their in-house ATMs that dispense American Currency. You can easily find the ATMs throughout the island that are dispensing Bahamian Dollars.

Based on the average trip expenses you may need around B$ 200 per day during a trip to the Bahamas. It includes meals and local transportation. The average hotel rate in the Bahamas is around B$ 197. So a one-week trip for two people may cost around B$ 2794. So check the Bahamian Dollar exchange rate with your bank and get the amount accordingly.

You can buy Bahamian Dollar as much or as little as you want. If you still have some Bahamian Dollars at the end of your trip, it's better to spend or sell Bahamian Dollar because exchanging them back once you are home is mostly not an option. However, people are restricted to exit the Bahamas with more than B$ 200.