In a groundbreaking virtual presentation held on October 14, 2020, The Central Bank of The Bahamas and the Bahamas Chamber of Commerce and Employers’ Confederation […]
Category: History
The Bahamas Embarks on National Rollout of Sand Dollar CBDC
Advancing Financial Inclusion and Efficiency June 29, 2023 – In a landmark initiative that marks a transformative leap towards a modernized and inclusive financial system, […]
The Sand Dollar: A Digital Currency Revolutionizing Bahamian Payments
On January 23, 2020, the Central Bank of The Bahamas hosted the first Bahamas Chamber of Commerce and Employers’ Confederation Power Breakfast of the year, […]
From Paper to Pixel: The Journey of the Sand Dollar
In a groundbreaking move, on May 30, 2019, the Central Bank of The Bahamas embarked on a transformative initiative, partnering with NZIA Limited to design […]
A Digital Currency for the Bahamas: Project Sand Dollar Takes Shape
On March 1, 2019, the Central Bank of The Bahamas (CBOB) announced a pivotal decision – the selection of NZIA Limited as the preferred technology […]
Sand Dollar: The Bahamas’ Digital Currency Revolution
In a groundbreaking move to promote financial inclusion and efficiency, in 2020, the Central Bank of The Bahamas embarked on Project Sand Dollar, an initiative […]
Evolving Landscapes: The Prudent Path of Financial Stability in the Avant Era of Smart Card E-Money
Due to the prevailing dominance of smart cards as the most viable model for e-money at the time, the focus on financial stability analysis was […]
Decoding the Avant Card Dilemma: Legal Tender Limbo and Seigniorage Standstill
In reflection, the introduction of the Avant Card from Finland failed to register any discernible impact on seigniorage income. This outcome can be attributed to […]
The Rise and Fall of Avant Card: A Tale of Innovation and Failure
In the annals of monetary history, the Avant Card stands as a remarkable experiment, a precursor to the modern concept of central bank digital currencies […]
Navigating the ATM Revolution. Avant Card’s Impact on Electronic Payments in Finland
In 1997, a significant milestone was achieved in Finland with the successful integration of the Avant card system into the existing ATM network. This achievement, […]