Bahamas rolls out first phase of CBDC pilot

Pilot will extend to rest of country after June, says governor Rolle, depending on Exuma and Abaco case studies

Nassau Bahamas - Getty.jpg
Bahamas pilot: “[We] wanted to be separate from Nassau, which is where our services are provided from” – John Rolle

The Central Bank of the Bahamas has rolled out the first phase of its digital currency pilot, with plans to extend it to a second region in the first half of 2020.

Exuma, a district in the Bahamas, has been chosen as the first location to test the proposed “sand dollar” central bank digital currency (CBDC). In February, the central bank plans to extend the pilot, which will run for a total of six months, to Abaco.

“As the pilot progresses in Exuma, the central bank will simultaneously promote

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