The pilot would allow the Bank to enhance the digital system before it is deployed nationally. To stay focused on the challenges that an archipelago poses, and to tackle gaps in access to services in remote communities, Exuma has been identified as the pilot community. The Bank will also explore how to enlist other selected islands that have suppressed or no banking presence.
By definition, the nominal return on cash is zero, but cash means liquidity and as central bank 1/3  BIS central bankers' speeches  money it offers that extra feeling of safety, particularly in times of crisis. Demand for cash thus rises sharply during periods of elevated uncertainty. The COVID-19 crisis is no exception.