✉news BusinessBanking first seen 15 h ago, last 5 h ago, peak #3
Bahamas central bank chief discusses sand dollar and currency peg
Original: John Rolle on The Bahamas’ Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency
John Rolle, governor of the Central Bank of The Bahamas, has spoken about the country's fixed exchange rate pegged to the US dollar and its pioneering role in launching the Sand Dollar, the world's first nationwide central bank digital currency. The discussion covers how the peg constrains monetary policy and why the Bahamas moved early into digital currency to improve payments across its scattered islands.
Why now: Central bankers and policymakers elsewhere are weighing digital currencies and exchange rate policy as interest in CBDCs grows globally.
John RolleCentral Bank of The BahamasThe BahamasSand DollarMercatus Center
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- John Rolle on The Bahamas’ Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency · Mercatus Center
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