T he Central Bank reported Monday that the average domestic consumer price inflation firmed during the 12 months to April, up from the same time a year prior due to higher international oil prices and other costlier imports. With regard to our overall economy, Central Bank Governor John Rolle pointed out the same day that
The Central Bank of The Bahamas is pleased to announce the extension of its rebate program to AML Foods Ltd. (Solomon’s Food Stores and Fresh Markets) as part of its ongoing efforts to promote the use of Sand Dollar for everyday transactions. This initiative provides an opportunity for customers to experience the convenience and simplicity
Countries like The Bahamas are particularly vulnerable to economic fluctuations due to their unique geographical and socio-economic characteristics. As is the case in many Caribbean countries, tourism is a critical pillar of our economy, driving growth, creating massive employment and entrepreneurship opportunities, and maintaining much-needed foreign exchange earnings. The latter is a necessity for us,
The economy continues to expand at a “healthy rate”, Central Bank Governor John Rolle said yesterday. Rolle, who gave an update to the media on the country’s economic state, explained that tourism momentum “was still brisk” in the first half of 2023, while foreign investment inflows also contributed to growth. According Rolle, the general outlook
The Central Bank of The Bahamas (CBOB) is reviewing the administrative policies it has in place for the investment currency market, as well as the access it allows for overseas investment, Central Bank Governor John Rolle said yesterday, indicating that it will have that policy change discussion with the government before the end of the third quarter of