Bahamas to launch central bank digital currency in second half of 2020

The President of the Central Bank of the Bahamas John Rolle confirmed yesterday that the digital currency of the Central Bank of the Bahamas will be launched in the second half of 2020. Since December 2019, the first pilot of the "Sand Dollar" project in Exuma has made good progress. The central bank governor believes that the digital Bahamian dollar will help accelerate the provision of financial services needed to support the recovery of the business sector.