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BahamasFinancialServices.com

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Sep 10th

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Ric
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Getting US$ just got easier - 2010/01/23 10:07 Exchange Control in the Bahamas

The Central Bank has announced measures to ease exchange control hassles in The Bahamas. Now the banks can issue you up $1,000 foreign currency at a time for gift remittances without any paper work except the banks’ own forms. The Central Bank has also scrapped as of Monday 11th January the need for a dollar card and for filling of the Central Bank’s form. Now all you need do is present the bills and the passport and fill out your bank’s own forms. There are also changes to the allowances for business and pleasure trips overseas. Wendy Craigg, the Governor of the Central Bank, denied that this had anything to do with the FNM’s Manifesto to liberalize exchange control mechanisms.

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