I have said on a number of occasions before, and sincerely believe, that The Bahamas will at some point during the next ten or so years decide to become a member of a larger currency arrangement. The main implication of such a step would be the loss of the Government’s ability to borrow from the Central Bank.
The most important theoretical benefit to the economy of the eventual removal of exchange controls is the removal on restrictions to the movement of capital. I believe that The Bahamas would be a considerable beneficiary of such a development when it eventually is possible, but wish to emphasize that it would probably not be possible in the very short term.