Bahamian Central Bank to Roll Out Digital Currency in H2 2020

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Another tropical island country is set to get its own digital currency. The Bahamas’ Central Bank governor John Rolle yesterday confirmed that the digital Bahamian dollar will be rolled out by the second half of 2020. Digital Currency to ‘Accelerate’ Recovery The Bahamas joins an ever-growing list of countries to publically announce a commitment to a state-backed digitized currency. These include the Marshall Islands, Turkey, China, Lithuania and Japan. A digital Bahamian Dollar, its Central Bank governor believes, will help to: accelerate the provision of financial services needed to support business sector recovery. In fact, Project ‘Sand Dollar’ is already well advanced with its first pilot underway on the island of Exuma since December 2019. Project Sand Dollar is the first test initiative that will soon be extended to the tourist hub island of Abaco. Rolle said that Abaco was initially the first choice for the pilot as the island…

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