You will need to take the time to exchange it back before you leave the country. If you are coming from Europe or Canada, and do not want to get US dollars, then using Bahamian dollars in conjunction with credit cards will be just fine.
Most airports have a currency exchange window. You can also exchange currency at local banks. Although exchange rates will vary, banks usually have better rates than airports, hotels or other retailers. Probably the easiest way to exchange money is through the use of a local ATM. The ATMs will dispense cash in Bahamian dollars. Be sure to know your PIN and check with your bank before going to the Bahamas.
There are usually fees and limits involved in using your card outside of your home country. Credit cards are also widely used, however, as a means to prevent credit card fraud, some places will not accept credit cards that do not have chips. There are no laws restricting foreign currency from entering the Bahamas. That said, it would be best to plan on exchanging Canadian currency for Bahamian currency. Most businesses will not accept the Canadian dollar. Perhaps you can rely mainly on a credit card, but it is advisable to carry some cash to cover tipping and other small expenses.
There are several Canadian banks among other options that will exchange currency in the larger cities. Similar to the Canadian dollar, you will need to exchange at least some Euros to Bahamian dollars to cover tips, small purchases, and other travel expenses.
Credit Cards are used throughout most of the bahamas, especially in the tourist areas, but some of the smaller out island require cash for purchases, and sometimes even car rentals. All others will dispense Bahamian Dollars. Try and use your Bahamian dollars before you leave, some places may change it for you..
The value of the BSD is pegged on a 1-to-1 basis to the U. Banknotes are available in denominations of 1, 3, 5, 10, 20, 50, and dollars, while coins are available in denominations ranging from 1 cent to 1 dollar. Due to their location along the rich trade routes of the 18th century, the area saw frequent use by pirates. The GBP was previously used in the Bahamas because the nation had been a British colony between and Although they only formally achieved independence in , the Bahamas began operating as a self-governing nation within the British Commonwealth in These include politicians such as the independence leader Sir Lynden O.
The economy of the Bahamas is known for its large tourism sector as well as its export of specialty products such as oceangoing vehicles. Financial services are also a major industry for the Bahamas, with the country serving as a major offshore banking center. In , the Bahamas became the subject of international discussion following the publication of the so-called Panama Papers.
This leak of roughly This leaked data comprised over 1. Tourism Today. International Consortium of Investigative Journalists. They are usually open the same hours on Saturdays although some business reduce the open hours.
On Sundays nearly all shops are closed but you may find some straw vendors still open. Grocery stores open at am and close at pm Monday through Saturday and on Sunday most are only open from am and close at pm. Generally no. There are exceptions for those having skills not available from a Bahamian.
The employer must show proof of exhaustive searching for a suitable Bahamian prior to applying for a work permit for the foreign candidate. Work permits can be costly and are assessed based on the value of skills. The field of teaching is an area of need and many teachers enter on work permits.
For more detailed information on working or conducting business in The Bahamas, please visit Bahamas B2B. The SIM card, together with a tri-band unlocked GSM cell phone, will allow you to have a local cell phone number for the Bahamas while paying local rates - no roaming charges and no service contract. Many shops will unlock your US cell phone for a small fee and without much of a wait. Fewer are operational in the Family Islands. Most other foreign cell phone service plans will not usually work within The Bahamas.
You can conveniently recharge your phone purchase airtime vouchers at a wide variety of vendors displaying the Cybercell sign. Ask for the Rockit airtime vouchers at one of these points of sale which include many gas stations, the post office and local shops. The following requirements must be met for the phone to work properly: mhz. You will find that most pay telephones in The Bahamas have discontinued accepting quarters.
The cards are readily for sale from vending machines, many stores and restaurants, and from BTC offices. If you use a pay phone you can access the following long distance carriers toll free but you will need the card to initiate the call. To use your service from The Bahamas or you can simply use a regular phone.
Direct Blocked phones and prepaid cards: many local phones do not offer long distance service as they lack the ability to dial beyond seven 7 digits. In this case you may not use the above numbers to access your service without first initiating the call using a Bahamas Direct Prepaid Card. These cards differ in appearance and usage and must be purchased from BTC. The card renders a local access number that is only seven 7 digits enabling you to place long distance calls against your Bahamas Prepaid Card or by dialing one of the above services at the numbers listed.
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