See for example the 2015 Assessment by the IMF’s Executive Board: http://www.imf.org/en/Publications/CR/Issues/2016/12/31/The-Bahamas-Staff-Report-for-the-2015-ArticleIV-Consultation-43125. 2 Except where the policies have been relaxed, the law requires that exporters and those permitted to raise funds in foreign currency must sell the proceeds to the Commercial Banks.
Beyond the amounts required for immediate use by their customers for external payments, commercial banks must sell the excess to the Central Bank. 2|Page  transfers. Capital transactions cover both portfolio and direct investment flows, and the contracted liabilities of individuals, financial institutions and businesses. The use of foreign exchange is permitted freely to pay for current transactions.