BAHAMIAN DOLLAR Meaning and
Definition
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The Bahamian Dollar is the official currency of the Commonwealth of The Bahamas, an archipelagic island country in the Atlantic Ocean. It is denoted by the currency code B$ and the symbol $, often differentiated from the United States Dollar by the abbreviation BSD. The Bahamian Dollar has been the country's legal tender since 1966, replacing the Bahamian Pound at a conversion rate of 1:1.
The currency is regulated and issued by the Central Bank of The Bahamas, which monitors and controls the supply of money to ensure financial stability within the country. The Bahamian Dollar is divided into 100 cents, and coins and banknotes are issued in various denominations, including 1 cent, 5 cents, 10 cents, 15 cents, 25 cents, and 50 cents coins, as well as $1, $5, $10, $20, $50, and $100 banknotes.
The value of the Bahamian Dollar is closely tied to the US Dollar, as they have the same exchange rate. The currency is widely accepted and used throughout The Bahamas for everyday transactions, including both domestic and international trade. It is also commonly used in the tourism industry, where it is accepted at hotels, restaurants, and various tourist attractions.
Overall, the Bahamian Dollar serves as the principal medium of exchange in The Bahamas, facilitating economic growth and enabling financial transactions both within the country and with international partners.
Common Misspellings for BAHAMIAN DOLLAR
- vahamian dollar
- nahamian dollar
- hahamian dollar
- gahamian dollar
- bzhamian dollar
- bshamian dollar
- bwhamian dollar
- bqhamian dollar
- bagamian dollar
- babamian dollar
- banamian dollar
- bajamian dollar
- bauamian dollar
- bayamian dollar
- bahzmian dollar
- bahsmian dollar
- bahwmian dollar
- bahqmian dollar
- bahanian dollar
Etymology of BAHAMIAN DOLLAR
The etymology of the word "Bahamian Dollar" is derived from the country it represents, The Bahamas. The term "dollar" originated from the Thaler, a silver coin used in Europe during the 16th century. The Thaler was widely accepted as a medium of exchange and was eventually adopted by several countries as their official currency, including the United States. The Bahamian Dollar, introduced in 1966, replaced the British Pound as the official currency of The Bahamas. The word "Bahamian" indicates its association with the country, distinguishing it from other forms of the dollar used in various parts of the world.
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