If majority ownership in a venture must be Bahamian, then the majority financing source, unless it is domestic would not be permissible in foreign currency.8 Also, to the extent that restrictions apply to how nonresidents acquire real estate in The Bahamas, use of such assets as security for mortgages would be subject to a layer of processing and approval that is independent of any EC rules.
Figure 2: Central Bank Financing to Government As the government debt burden increased, reliance on central bank financing, especially over the last decade, has also increased…. The balance sheet impact for the Central Bank has been that the coverage provided by external reserves for $ currency liabilities has declined.