Banknotes of the Bank of Nassau (Bahamas): A Guide to the Currency

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Pink wooden sign on palm tree in Bahamas, sunny tropical vibe.
Credit: pexels.com, Pink wooden sign on palm tree in Bahamas, sunny tropical vibe.

The Bank of Nassau (Bahamas) has been a trusted financial institution in the Bahamas since its establishment. They offer a range of banknotes for circulation.

The banknotes feature a variety of denominations, including $10, $20, $50, and $100. These denominations are designed to meet the needs of the local population.

The banknotes are printed with advanced security features to prevent counterfeiting. This includes holograms, watermarks, and microprinting.

Each banknote has a unique design and color scheme, making it easy to distinguish between denominations.

New Banknotes in the Bahamas

The Central Bank of the Bahamas has been busy rolling out new banknotes in recent years. The new $100 bill features a portrait of the late Arthur Dion Hanna, a national hero and former governor general, on the face.

These new banknotes are part of the CRISP Evolution family, which was introduced in 2016 with the $10 note. The CRISP Evolution series is an updated version of the original CRISP notes, with new security features and color schemes.

Additional reading: Series B Banknotes

Collection of banknotes with dollar bill on top
Credit: pexels.com, Collection of banknotes with dollar bill on top

The new $100 bill is printed on Landqart's Durasafe substrate and includes Crane's MOTION Surface technology. This makes it one of the most secure banknotes produced by the Central Bank of Bahamas to date.

The MOTION Surface technology features a 3D effect called Topo, which is scientifically shown to be authenticated by the public in a fraction of a second. It also includes schools of fish swimming at depths deep within the banknote.

The new $5 note, released in September, is printed on Giesecke + Devrient's Hybrid substrate. This material is designed for low denomination, high use notes and is made of a cotton substrate covered with polyester foils on both sides.

The new $5 note is mostly yellow in color, with shades of red, lilac, green, and blue. It features a portrait of Sir Cecil Wallace-Whitfield, a leader of the opposition Free National Movement, on the face.

The Hybrid substrate used in the new $5 note is durable, robust, and highly resistant to soiling. It also maintains the feel of cotton paper and offers strong protection against counterfeiting.

The new banknotes are all 156 millimeters by 67 millimeters in size, making them consistent with the existing banknotes in the Bahamas.

A fresh viewpoint: Five Euro Bill

Specific Banknotes

Credit: youtube.com, The Bahamas Banknotes - 1965 Currency Note Act

The Bank of Nassau, also known as the Bank of the Bahamas, has issued a range of banknotes over the years.

In 2018, the Central Bank of the Bahamas released a new 20-dollar Bahamian banknote, part of the CRISP Evolution series.

This new note was designed to enhance security features and was introduced alongside its predecessor, the 20-dollar CRISP banknote, which continued to circulate until stocks were depleted.

A different take: 20 Pound Banknote

The One Dollar

The One Dollar banknote is a unique and interesting note to learn about. It's predominantly green in color, with shades of lilac, grey, burnt orange, and yellow.

The One Dollar banknote measures 156mm long and 67mm wide, making it a standard size for banknotes.

A watermark of Sir Lynden O. Pindling and the numeral $1 appears on the left side of the note, adding an extra layer of security.

The front of the note features a portrait of Sir Lynden O. Pindling, the series, and the signature of the Governor of the Central Bank of The Bahamas.

For another approach, see: Nt Taiwan Dollar

Man in Blue and White Stripe Polo Shirt Holding Banknote
Credit: pexels.com, Man in Blue and White Stripe Polo Shirt Holding Banknote

The back of the note showcases a likeness of a Drum Major, in full regalia, leading the Royal Bahamas Police Force's marching band.

The One Dollar banknote is legal tender under the Central Bank of The Bahamas Act 2020, allowing it to be used for the payment of any amount.

An image of a Lignum Vitae flower appears in the center of the note, adding a touch of local culture and beauty.

If this caught your attention, see: Banking in Bahamas

Fifty Dollar Banknote

The Fifty Dollar Banknote is a notable denomination in The Bahamas, featuring a portrait of Sir Roland T. Symonette on the front.

These notes measure 156 mm long and 67 mm wide, with a predominantly light blue color scheme and shades of pink, green, orange, and brown.

A watermark of Sir Roland T. Symonette and the numeral $50 appear on the left side of the note, along with a replica map of the Islands of The Bahamas.

Credit: youtube.com, 50 dollar bill

The back of the note features a vignette depicting a rendering of the Central Bank of The Bahamas, flanked by the words "Fifty Dollars" and the Coat of Arms of the Commonwealth of The Bahamas.

The note is legal tender under the Central Bank of The Bahamas Act 2000 for the payment of any amount Fifty Dollars.

The Fifty Dollar Banknote also features an image of a blooming 'Frangipani' in the center, adding a touch of local flair to the design.

The series, signature of the Governor of the Central Bank of The Bahamas, and the words "Central Bank of The Bahamas" are printed on the front of the note.

The Central Bank's building in Nassau is depicted on the back of the note, surrounded by various images that add to the note's visual interest.

20 BSD 2018

The 20 BSD 2018 banknote was released by the Central Bank of the Bahamas as part of their CRISP Evolution (CE) series. It was published on Thursday, September 27, 2018.

The new 20 dollar CE banknote was designed to continue the trend of enhanced security features. It was released to circulate alongside its predecessor, the 20 dollar CRISP banknote, until the older note's stock was depleted.

The Central Bank of the Bahamas aimed to improve the security of their banknotes with the CRISP Evolution series, and the 20 dollar CE banknote is no exception.

Explore further: 20 Złotych Note

Description

Credit: youtube.com, Specific preservation techniques for maintaining the value of old banknotes

The description of a banknote is where the interesting details come in. The banknote measures 156 mm in length and 67 mm in width.

The design of the banknote is quite vibrant, featuring a dominant magenta color with nuances of rose, green, orange, blue, and yellow.

The front of the banknote features a portrait of Sir Milo B. Butler, accompanied by the signature of the Governor of the Central Bank of the Bahamas, along with the words "Central Bank of the Bahamas."

A watermark of Sir Milo B. Butler and the denomination of $20, a replica of the Bahamas Islands map, as well as the numerical denomination, appear on the left side, with a bougainvillea flower image in the center.

The back of the banknote displays an image of the Festival Place tower overlooking the port of Nassau.

Frequently Asked Questions

What money is used in the Nassau, Bahamas?

The official currency used in Nassau, Bahamas is the Bahamian dollar (BSD), which is divided into 100 cents. You can recognize it by the dollar sign $, or the abbreviation B$ to distinguish it from other dollar-denominated currencies.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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