Bahamas governor says exchange controls here to stay

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