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Central Bank of the Bahamas

Bahamas to force banks to support its CBDC
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10 July, 2024

Bahamas to force banks to support its CBDC

Since its launch in 2020, the Sand Dollar CBDC has failed to garner the expected uptake in the Bahamas, forcing...
Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official
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11 March, 2024

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only...
Bahamas launches Sand Dollar, the world’s first official CBDC
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28 October, 2020

Bahamas launches Sand Dollar, the world’s first official CBDC

The Central Bank of the Bahamas has developed the Sand Dollar to be transferrable via mobile phones, making it easy...
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