Search results for : Banks
June 16, 2021
Central Bank employees protest after industrial agreement impasse
About a dozen Central Bank of The Bahamas employees held a protest yesterday in response to what they consider unfair changes to their employment benefits, among other issues.
June 16, 2021
RF Bank and Trust sponsors national golf championships again
Local amateur golfers are set to participate in the RF National Amateur Golf Championships during this Father's Day weekend.
June 15, 2021
Central Bank survey reveals increasing use of digital payments
As the Central Bank of The Bahamas (CBOB), Ministry of Finance and clearing banks push to achieve a 50 percent reduction in the use of cash and an 80 percent reduction in the use of checks by 2025, a new survey revealed that more businesses have embraced digital payments in the wake of the COVID-19 pandemic.
June 01, 2021
Central Bank: External reserves to decline during the year
During April, the external reserves grew by $3.1 million, an improvement from the $15 million lost during April 2020 at the start of the COVID-19 pandemic.
May 19, 2021
Impact of COVID-19 felt in Bank of The Bahamas’ third quarter
Bank of The Bahamas (BoB) has reported continued losses in its third quarter, as the COVID-19 pandemic continues to have an impact.
May 07, 2021
More than 5 mil. worth of fraud reported by commercial banks
As the use of technology to complete money transactions rises, so have the instances of fraud, according to The Central Bank of The Bahamas, which yesterday revealed that more than $5 million worth of fraud instances were reported by commercial banks.
May 04, 2021
Central Bank governor: Government still has significant financing needs
As the government finalizes its upcoming budget for the 2021/2022 fiscal year, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said from his point of view, the government will still have significant financing needs heading into the new fiscal period, which starts on July 1.
January 13, 2020
WHY IS THE CENTRAL BANK GETTING RID OF THE ONE CENT COIN?
In 2018, the Central Bank of The Bahamas, with the assistance of Secura Monde International as consultants for the initiative, commissioned a study to examine the need for continued issuance of the 1-cent coin...
September 23, 2011
Prime Minister Ingraham Addresses 2011 World Bank/IMF Annual Meetings
Welcome to the 65th plenary of the Boards of Governors of the World Bank Group and the International Monetary Fund.
I warmly welcome Ms. Christine Lagarde in her new role as Managing Director of the International Monetary Fund.
Central bank: continued positive economic growth
July 01, 2019
Central bank: continued positive economic growth
The Central Bank of The Bahamas (CBOB) expects the Bahamian economy to continue to trend positively given the continued improvements in key tourism source markets like the United States, the central bank’s Monthly Economic and Financial Developments (MEFD) report for May reveals...
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