Business
Reforms Expected To Relax The Bahamas Exchange Control
NASSAU, BAHAMAS – Some good news for Bahamian investors. Just last month, The Central Bank announced a number of reforms that will further relax The Bahamas Exchange Control.
NASSAU, BAHAMAS – Some good news for Bahamian investors. Just last month, The Central Bank announced a number of reforms that will further relax The Bahamas Exchange Control.
In a statement, Central Bank said the easing will remove the need to obtain Central Bank’s prior approval for a variety of current and capital investment account transactions. This is expected provide residents, businesses and work permit holders with a more efficient process involving reduced time and costs.
During our monthly sit down interview with RF Bank and Trust’s Vice President and Head of Group Investment David Slatter, he said this is a very important development for the Bahamian economy and he’s encouraging Bahamians to take advantage of it as he says it can diversify their portfolio.
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