3|Page  collective annual accommodation limit for these vehicles is now $ million. Other portfolio transactions still incur an investment currency premium. The premium used to be at 25 percent, but was reduced to 12.5 percent in 2006 and will be reduced further to 5 percent in 2018.
That said, the Investment Currency Market exists primarily to limit speculative pressures that could deplete the supply of foreign exchange and render the exchange rate unsustainable. Figure 1: Bahamas Utilisation of Investment Currency and Stock Exchange (BISX) Linked Facilities  Note: Cumulative capital outflows for selected vehicles area as follows:- ICM: more than $ million; BISX vehicles: $ million; NIB: $ million.