Digital Bahamian Dollar Sand Dollar

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For a better view on SandDollar, Update Your Browser. Your browser does not support the video tag. Digital Bahamian Dollar Inclusive | Convenient | Secure

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01.Welcome SandDollar Is A Safe & Easy Alternative To Cash

SandDollar is the digital version of the Bahamian dollar (B$). Like cash, SandDollar is issued by the Central Bank of The Bahamas through authorised financial institutions (AFIs).

About Us

02.Evolution Evolving Objectives

A key component of the Central Bank’s vision is to promote a leading financial services industry with a modernized payment system. To that end, we are aiming to:

Increase the efficiency of the Bahamian payments systems through more secure transactions and faster settlement speed.

Achieve greater financial inclusion, cost-effectiveness, and provide greater access to financial services across all of The Bahamas.

Provide non-discriminatory access to payment systems without regard for age, immigration or residency status.

Strengthen our national defences against money laundering, counterfeiting, and other illicit ends by reducing the ill effects of cash usage.

03.Benefits Why Should we use SandDollar?

SandDollar is the digital version of the Bahamian dollar (B$). Like cash, SandDollar is issued by the Central Bank of The Bahamas through authorised financial institutions (AFIs). SandDollar allows greater flexibility and accessibility for residents who want to participate in financial services via either a mobile phone application (iOS and Android) or using a physical payment card to access a digital wallet. It also provides an excellent record of income and spending, which can be used as supporting data for micro-loan applications.

04.How To Enrol Getting Involved

• Choose and contact your preferred SandDollar-enabled authorised financial institution (AFI).
• Select from the available options. For example, business or individual, wallet limit etc.
• Provide the requisite KYC (know your customer) information.
• Download your selected authorised financial institution's (AFI’s) proprietary eWallet and follow their unique instructions.

Learn More 05.Apps SandDollar App Android Sand Dollar Wallet Download iOS Sand Dollar Wallet Download

There are three ways to send and receive money using this SandDollar App. To view the how-to videos, click the links below:

• Scan a QR Code
• Unique Custom Name
• Sand Dollar Card

*Apps might vary depending on the selected authourised financial institution (AFI). Please do not download this Sand Dollar app unless directed by your preferred AFI. 06.News Latest News 31December 2020 Public Update - The Bahamas Digital Currency Rollout

Public access to The Bahamas’ digital currency is projected to increase during the first quarter of 2021, as financial institutions continue to integr...

Read More 20October 2020 Nationwide Launch

The Central Bank of The Bahamas digital dollar is available nationwide. Contact us for more detailed information.

Read More 07October 2020 Sand Dollar Virtual Presentation

Joint event with the Bahamas Chamber of Commerce and Employers Confederation

Read More 25September 2020 Public Update - Gradual National Release to The Bahamas in October 2020

The Sand Dollar is on Schedule for Gradual National Release to The Bahamas in Mid-October 2020.

Read More 23January 2020 Sand Dollar featured at the Bahamas Chamber of Commerce Power Breakfast

The first Power Breakfast of the year. Under the theme, "PROJECT SAND DOLLAR: A Bahamas Payments System Modernisation Initiative".

Read More 24December 2019 A Bahamian Payments System Modernization Initiative

PROJECT SANDDOLLAR: A Bahamian Payments System Modernization Initiative

Read More View More 07.History History of The Project

The need to modernise The Bahamas payments system was acknowledged by the Central Bank of The Bahamas since the late 1990s when the Bank commissioned a special study to identify the available options for The Bahamas and to assist with the initial formulation of a strategy.

1. The Bahamian Payments Systems Modernisation Initiative (PSMI)

2. Selecting a Technology Partner

3. Drive Toward The Pilot

4. Nationwide Launch

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