Bahamian pound

The pound was the currency of the

The pound was replaced by the dollar in 1966, at a rate of 7/– = $1 (£1 = $2.86). This rate meant that the new Bahamas dollar was at a slight discount to the US dollar.

For a wider outline of the history of currency in the region, see currencies of the British West Indies.

Coins

The only coin issued was a 1 penny coin struck in 1806. British coins circulated on the islands until 1966.

Banknotes

The Bank of Nassau initially issued notes in denominations of 5/–, 10/–, and £1. 4/– notes were introduced in 1906. The bank failed in 1917, and the Bahamas government took over the issuance of banknotes on the islands.^[1]

The Public Treasury issued £1 notes in 1868, followed by government notes in 1869 for £1 and £5. In 1919, a new series of 4/–, 10/–, and £1 notes was introduced, with £5 notes reintroduced after 1936.

References