Bahamas further relaxes capital controls
Specific sectors of the economy will be able to obtain foreign exchange from banks both at home and abroad
The Central Bank of the Bahamas has relaxed some of its capital controls, allowing domestic companies in certain industries to access foreign currency for investment purposes.
In a statement released on March 29, the central bank said these “liberalisations” will become operational on April 24.
“Selected categories of Bahamian-owned businesses with either broad foreign exchange earning potential or that are engaged in activities that promote national development goals, will be able to obtain
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