Bahamas governor says exchange controls here to stay

“Difficult financial reforms” necessary before liberalisation, says Rolle

Central Bank of The Bahamas
Central Bank of The Bahamas
Photo: Mikael Latreille

The governor of the Central Bank of The Bahamas said that the country will not abandon controls on foreign exchange anytime soon. John Rolle told a conference on October 6 that liberalisation was “not on the immediate horizon” and that the country “may never be ready” for it.

Responding to a question at a Bahamas Think Tank conference on the local financial sector held on October 6, Rolle said the controls were part of a “framework to manage the stability of the currency”. “Very important

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