Search results for : peg
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
January 26, 2024
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
NASSAU, BAHAMAS — The Bahamas' fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price stability amidst global inflationary pressures. Central Bank Governor John Rolle highlighted this during his address at the Bahamas Business Outlook Conference at the Baha Mar resort yesterday. Rolle [...]
December 12, 2023
From Clerk to Managing Director- Bank Leader Gives Tips for Success
During an inspiring women's empowerment forum, Dr. Jacqui Bend, CIBC FirstCaribbean’s Managing Director, shared her remarkable journey from humble beginnings to leading one of the region's prominent banks.
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.
The spotlight's on Sketch
August 07, 2015
The spotlight's on Sketch
Christopher "Sketch" Carey is the son of Patrick Carey -- lead guitarist for the Grammy Award winning Baha Men -- and younger brother of Rik Carey, lead vocalist for Baha Men -- but despite the fact that he comes from a family of musically talented individuals, Sketch has found his spotlight. And it's squarely on him right now.
National Sports Hall of Fame
November 16, 2016
National Sports Hall of Fame
A total of 18 Bahamian sports legends were inducted into the National Sports Hall of Fame at the induction ceremony last Friday at Government House.
National Sports Heritage Month underway
November 05, 2016
National Sports Heritage Month underway
Once again, the month of November will be locally recognized as Sports Heritage Month.
DNA: Pay off mortgage debt for consumers
May 30, 2016
DNA: Pay off mortgage debt for consumers
The Christie administration's decision to float a reboot of its ill-fated mortgage relief program has "delighted" the Democratic National Alliance (DNA), whose economic and financial spokesperson laments the "sketchy" details of the new plan and asserts that the DNA can do better, even going so far as suggesting a DNA government would buy delinquent mortgagees back into the black.
April 04, 2016
Gowon Bowe: First step to more progressive exchange control regime
The "proof in the pudding" regarding the efficacy of the new exchange control regime will be Bahamians pooling resources to advance foreign currency investments and returns that benefit the local currency reserves, according to Bahamas Chamber of Commerce and Employers' Confederation (BCCEC) Chairman Gowon Bowe.
Turnquest: Moody's projecting 'anemic growth'
March 06, 2016
Turnquest: Moody's projecting 'anemic growth'
Shadow Minister of Finance and Free National Movement (FNM) Deputy Leader Peter Turnquest said the new Moody's report on The Bahamas appears to be projecting continued "anemic growth for the foreseeable future", which he contended "flies in the face" of the Christie administration's "aggressive optimism".
February 25, 2016
U.S. 'de-risking' could collapse local banking sector
The Bahamas and other CARICOM member states face a challenge to their banking sectors, with all-important corresponding banking relationships potentially being put in jeopardy by United States "de-risking" policies. The danger, according to a local financial services and commercial spokesman, is significant.
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