The Central Bank of The Bahamas will introduce a digital version of the Bahamian dollar through an initiative titled ‘Project Sand Dollar’. The sand dollar is also the name given to the proposed central bank digital currency (CBDC), which is part of the Bahamian Payments System Modernization Initiative (PSMI). The main objective of the Project is improving financial inclusion and access to all citizens of The Bahamas.
Full details on Project Sand Dollar can be found here.
For further information please contact:
Risha Pragg-Jaggernauth
Tel: 1 868 623-9667 ext. 2206 Email: risha.pragg-jaggernauth@cfatf.org
Brionne Antoine
Tel: 1 868 623-9667 ext. 2205 Email: Brionne.Antoine@cfatf.org