Search results for : Central
April 27, 2024
Central Bank's Financial Literacy Expo Empowers High School Students
NASSAU, BAHAMAS - The initiative coincides with financial literacy month, recognized globally in April. But this year's event took a different spin.
Central Bank Governor: Safety Is Our Top Priority
April 27, 2024
Central Bank Governor: Safety Is Our Top Priority
NASSAU, BAHAMAS - After canceling its plans to build a new multi-million dollar headquarters, Central Bank Governor John Rolle says they haven't given up on those relocation plans.
April 24, 2024
The University of The Bahamas signs new MoU with China's Central South University
NASSAU, BAHAMAS – The University of The Bahamas and Central South University located in Hunan, China, inked a new a Memorandum of Understanding (MoU)Wednesday morning at the Harry C.Moore Library Auditorium; officials did not make it immediately clear what the renewed agreement entails. Education Minster Glenys Hanna-Martin, during her remarks, expressed gratitude got the longstanding [...]
April 24, 2024
CENTRAL BANK: "Steady progress" being made toward cheque usage reduction goal
Steering committee on cheque reduction endorses strategy to strengthen domestic payments environment NASSAU, BAHAMAS — The Central Bank said yesterday that 'steady progress' is being made toward the goal of reducing cheque usage in the country, noting that a legal opinion outlining the optimal approach to implementing regulatory changes necessary to support a reduction in [...]
Abaco Students Thank Lyford Cay Foundations for Helping Rebuild Central Abaco Primary School
July 07, 2021
Abaco Students Thank Lyford Cay Foundations for Helping Rebuild Central Abaco Primary School
With hand-painted signs held high, students at Central Abaco Primary School welcomed representatives of the Lyford Cay and Canadian Lyford Cay Foundations, thanking them for generous donations that helped rebuild the school destroyed by Hurricane Dorian.
It was a celebration nearly two years in the making.
“We were so touched and moved to see what was achieved with this beautiful new Cen...
April 22, 2024
Domestic private sector investment 'under mobilized' says Central Bank Governor
NASSAU, BAHAMAS — The Bahamas remains significantly under-mobilized in domestic private-sector investment, according to Central Bank Governor John Rolle, who also noted that this nation has robust monetary policy safeguards and ample economic capacity to address any needed corrections in public finances. During his address at the CFA Society (Bahamas) Investment dinner, Governor Rolle noted ...
March 21, 2024
Central Bank announces further reforms to relax exchange control
NASSAU, BAHAMAS — The Central Bank has announced further reforms to relax Exchange Control Administration, aiming to enhance efficiencies for residents and work permit holders. The regulator revealed that these measures will take effect on April 1, 2024, except for those impacting the Investment Currency Market (ICM), which will be implemented on June 1st, 2024. [...]
Central Bank issues alert over consumer loan scam
March 19, 2024
Central Bank issues alert over consumer loan scam
NASSAU, BAHAMAS — The Central Bank is cautioning the public to avoid falling victim to fake internet ads and social media posts offering loans and other financial services purportedly from the Central Bank of The Bahamas. The regulator, in a notice on the consumer loan alert scam, warned that links associated with these posts should [...]
March 14, 2024
Central Bank Governor: NIB Rate Increase Won't Drag Economic Growth
NASSAU, BAHAMAS - The pending increase in NIB contributions will have no significant impact on economic activity, according to Central Bank Governor John Rolle.
March 13, 2024
Central Bank Governor: Inflation Drop Doesn't Mean A Decline In Prices
NASSAU, BAHAMAS - Central Bank Governor John Rolle says a decline in inflation won't directly result in a drop in prices.
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