"242" is more than just The Bahamas’ international dialing code—it’s a symbol of national pride, unity, and resilience. Chosen in 1996 because it spelt "BHA" on a keypad, it has since become a badge of Bahamian identity, celebrated every year on 242 Day as a testament to the country's forward-thinking spirit.
With the national motto “Forward, Upward, Onward Together,” The Bahamas has embraced progress while preserving its rich cultural heritage, a vision shared by BankPro as we expand digital banking from this vibrant financial hub.
On July 10, 1973, The Bahamas gained independence from Britain after 325 years of colonial rule. However, the nation remained a proud member of the Commonwealth, benefiting from international trade, diplomacy, and economic cooperation.
As a sovereign state, The Bahamas built a world-class financial infrastructure, balancing economic stability with an innovative and business-friendly regulatory environment.
From Spanish Silver to the Modern Dollar
The Bahamas' rich trade history dates back to the Spanish "Pieces of Eight," silver coins divided for easy transactions. In 1825, the British pound became the official currency, lasting over 140 years before the Bahamian dollar (BSD) replaced it in 1966.
Today, the BSD is pegged 1:1 to the US dollar, ensuring stability, with the Central Bank of The Bahamas maintaining this fixed exchange rate, supported by the nation's thriving tourism and financial sectors.
Blue MarlinHope Town LighthouseJunkanoo ParadeBahamian banknotes are not just currency—they tell a story of heritage and progress. While older notes featured Queen Elizabeth II, modern banknotes celebrate the nation's leaders and culture.
Some unique Bahamian banknotes include:
Through its monetary history, The Bahamas has built an internationally respected financial system, with a focus on economic stability, investor confidence, and regulatory excellence.
The Bahamas is not just a tourist paradise—it is one of the world’s leading offshore financial centers. The Central Bank of The Bahamas regulates and ensures the stability of financial institutions, making it a trusted jurisdiction for banking and investment.
