Bahamas further relaxes capital controls

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The Central Bank of the Bahamas has relaxed some of its capital controls, allowing domestic companies in certain industries to access foreign currency for investment purposes.

In a statement released on March 29, the central bank said these “liberalisations” will become operational on April 24.

“Selected categories of Bahamian-owned businesses with either broad foreign exchange earning potential or that are engaged in activities that promote national development goals, will be able to obtain

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