Mechanisms will also be explored to determine how international banks might participate directly in Bahamian dollar payments and settlements, to facilitate their own local needs or those of clients who maintain a nexus to the local economy.
Project Sand Dollar Highlights Through Project Sand Dollar, the Central Bank will develop and pilot a general purpose, digital version of the Bahamian dollar—that is, with both wholesale and retail applications. As the draft Central Bank Bill anticipates, the Bank would have statutory authority to issue currency in digital form and to develop regulations to govern the instrument.