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December 18, 2023
Sand Dollars in circulation increase to $1.46 million
NASSAU, BAHAMAS — The volume of the Sand Dollar digital currency in circulation increased to $1.46 million as of November, representing an approximately 40 percent increase over the first 11 months of the year, according to the Central Bank. Through September, 117,610 digital wallets were reported to be in use, an increase of 25 percent [...]
October 13, 2023
Central Bank to engage with commercial banks to boost Sand Dollar adoption
NASSAU, BAHAMAS- The Central Bank plans to collaborate with local commercial banks as part of its 2024 engagement strategy and leverage their existing customer base to boost the adoption of the Sand Dollar in the country executives said yesterday. They also noted that in the past several, there have been discussions with the government on [...]
September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy
The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.
September 11, 2023
Sand Dollars in circulation dip as wallet holders increase
The Central Bank of The Bahamas (CBOB) gave an update on its Sand Dollar project, which revealed that the number of Sand Dollars in circulation decreased by slightly less than 20,000 between June and August, while the number of consumer wallets grew by some 5,000. The bank revealed that there is currently $1,076,064.05 of Sand Dollars ...
The post Sand Dollars in circulation dip as wallet hol...
Work In Progress: The Team Behind The Sand Cleanup
September 06, 2023
Work In Progress: The Team Behind The Sand Cleanup
NASSAU, BAHAMAS - Strong winds and high seas creating a bit of a mess on West Bay Street earlier this week as sand covered miles of roads, slowing down and impeding the smooth flow of traffic.
July 11, 2023
Central Bank sending out trained team to improve Sand Dollar uptake
The Central Bank of The Bahamas (CBOB) is set to deploy a team of Sand Dollar ambassadors across New Providence and the Family Islands this month, in its continuing effort to increase the adoption and use of the world's first central bank digital currency (CBDC), a CBOB statement said, adding that there is currently almost $1.1 ...
The post Central Bank sending out trained team to improve San...
Sand Dollar Educational Campaign Continues
June 12, 2023
Sand Dollar Educational Campaign Continues
NASSAU, BAHAMAS - The Central Bank of The Bahamas continuing its educational campaign on sand dollar by encouraging customers to use the digital currency for local purchases.
June 08, 2023
Central Bank Sand Dollar Top Up Launched At Super Value
NASSAU, BAHAMAS - Sand Dollar is on the move. This as the Central Bank of The Bahamas is continuing its educational campaign by encouraging customers to use Sand Dollar for local purchases.
May 02, 2023
More Education Needed On Sand Dollar, Says CB Governor
NASSAU, BAHAMAS - Since its launch in 2020, the adoption of the Central Bank's digital version of the Bahamian dollar - Sand Dollar, has been relatively low.
May 01, 2023
Sand Dollars in circulation now at just over $1 million
NASSAU, BAHAMAS — Sand Dollars in circulation are currently valued at just over $1 million according to Central Bank Governor John Rolle, who noted that within the mobile wallet space, the spend is roughly $4 million per month. "The financial institutions are predominately concluding those transactions in Sand Dollar; more than 80 percent of those. [...]
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