Tuesday, August 21, 2007
Money and Currency in the Bahamas
The Bahamas' unit of currency is the Bahamian dollar ($B) which is based on the U.S. dollar. One Bahamian dollar equals 100 Bahamian cents (pennies).
As the Bahamian and U.S. dollars are equivalent (1 $B = 1 $US), residents or visitors may spend either Bahamian or U.S. dollars in the Bahamas, though outside the Bahamas, Bahamian money is not to valuable (trading at times at nearly half its face value), except as a popular collector item, so make sure to get rid of all your Bahamian dollars before you leave.
Security features on Bahamas notes include:
* Watermark of the Spanish Galleon: All Banknotes
* Security threads: All Banknotes
* See-through feature of the Sand dollar: All Banknotes
* Hologram: Bahamas $100 banknotes only
* Series: All banknotes (except B$3 banknotes)
* Foil: $10, $20, $50 100%
* cotton banknote paper: All banknotes
* Security fibres fluorescent green or yellow: All banknotes
* Latent image: All banknotes (except B$3 banknotes)
Bahamian dollar banknotes are printed by De la Rue, Basingstoke, Hampshire, England, while coins are minted by the Royal Canadian Mint, which is located in Ottawa, Ontario, Canada.