Timeline

• 21.02.1744
• Rating of foreign gold coins in the accounting currency:
  - Spanish Doubloon (8 Spanish Escudos in gold) at 108 Shillings, Portuguese Doubloon (6'400 Portuguese Reals in gold) at 121½ Shillings
• ??.??.1788
• Law [28 Geo III c.1] on the rating of foreign gold and silver coins in the accounting currency; effective ??.??.1788:
  - Gold: Spanish Doubloon (8 Spanish Escudos) at 124 shillings, Portuguese Doubloon (6'400 Portuguese Reals) at 128 Shillings, English guinea (21 Shillings Sterling) at 38 Shillings
  - Silver: Spanish Dollar (8 Spanish Reals) at 96 Pennies, English Shilling at 29 Pennies.
• ??.??.1789
• Law [29 Geo III c.3] on the creation of a copper subsidiary coinage; effective ??.??.1789:
  - 30.06.1806: Resolution of the local assembly on the production of a coin of 1 Penny = ¹⁄₉₆ Spanish Dollar; was not accepted in payments and did not circulate widely.
• 29.11.1838
• Law ["Currency and rate of interest and bills of exchange", 2 Vic. c.4] on the adoption of British accounting; effective 24.12.1838:
  - Devaluation of the accounting currency at a ratio of 100 : 192 (i.e. by 47.9%) and new rating of Spanish trade coins in Sterling currency: Spanish Dollar (8 Spanish Reals in silver) at 50 Pence Sterling, Spanish Doubloon (8 Spanish Escudos in gold) at 64 Shillings Sterling.
• 19.08.1853
• Ordinance [Order in Council] on the legal tender status of US gold coins of 10, 5, 2½, 1 Dollars at a rate of 49 Pence Sterling per US Dollar; effective 15.11.1853
  - 09.03.1854: Ordinance [Order in Council], amending the 1853 proclamation on the legal tender status of US gold coins of 20 Dollars at the same rate; effective ??.04.1854.
• 01.03.1864
• Ordinance [Order in Council] on the legal tender status of US silver coins of ½, ¼ Dollar, circulating as 2, 1 Shillings Sterling; effective 06.04.1864
• 02.04.1881
• Law [44 Vic. c.7] on the demonetization of the Spanish Dollar coins within 6 months; effective 02.10.1881
• 22.11.1888
• Law [52 Vic. c.1] on the establishment of the Bank of Nassau (successor to the "Public Bank of the Bahamas", dissolved 1886) with a 21 years' privilege for the issuance of paper money; effective upon constitution of the bank on 03.06.1889.
  - The defaulted on 15.12.1916 and was taken over by the Royal Bank of Canada.
• 03.02.1898
• Ordinance [Order in Council] on the proclamation of the British Coinage Act 1870, amended 1891, to the Bahamas; effective immediately 18.03.1898
• 16.12.1911
• Ordinance [Order in Council] on the demonetization of the US gold and silver coins; effective 01.01.1912

Timeline

• 18.12.1919
• Law [Currency Note Act, No. ?] on the creation of the Currency Commission and the issuance of government paper money; effective immediately
  - The notes of the defaulted Bank of Nassau were redeemed by the Royal Bank of Canada under the governments guarantee
• 01.11.1936
• Law [Currency Note Act, No. ?] on the limitation of legal tender status of British currency to to amounts up to 40 Shillings Sterling; effective immediately

Valuation Regimes

• 1919-1966
• Fixed rate against British Pound

Timeline

• 16.12.1965
• Law [Currency Act, No. 80] on the decimalization of the currency; effective 25.05.1966
• 25.05.1966
• Start of currency exchange:
  - 25.05.1966: Start of issuance of the new banknotes and coins
  - 31.12.1967: Demonetization of the British and former currencies.
• 11.09.1968
• Law [Bahamas Monetary Authority Act, No. 27] on the transformation of the Currency Commission into the Bahamas Monetary Authority; effective upon constitution of the authority on 01.01.1969
• 02.04.1974
• Law [Central Bank Act, No. ?] on the establishment of the Central Bank of the Bahamas; effective upon constitution of the bank on 01.06.1974

Valuation Regimes

• 1966-
• Fixed rate against US Dollar