Definition

1. Noun:
   • The basic unit of money in the Bahamas: The Bahamian dollar is the official currency of the Commonwealth of The Bahamas. It is subdivided into 100 cents.

Usage

• The Bahamian dollar is used for all financial transactions within The Bahamas.
• Its value is pegged 1:1 with the United States dollar, and US currency is often accepted interchangeably in the Bahamas.

Examples

• Noun:
  • The price for the souvenir was ten Bahamian dollars.
  • You can exchange your euros for Bahamian dollars at the airport.

Advanced Usage

• "The Bahamian dollar is pegged to...": This phrase is used in economic contexts to describe the fixed exchange rate policy.
  • The Bahamian dollar is pegged to the US dollar, which helps maintain price stability.

Variants and Related Words

• BSD: The three-letter currency code (ISO 4217) for the Bahamian dollar.
  • The transaction was listed in BSD.
• Cent: The subdivision of the Bahamian dollar.
  • The coin is worth five cents.

Synonyms

• Bahamian currency: A general term for the money used in The Bahamas.
• BSD: The official financial abbreviation.

Related Phrases

• Dollar for dollar: Often used to emphasize the 1:1 parity with the US dollar.
  • It's a dollar-for-dollar exchange with the US currency.

Noun

1. the basic unit of money in the Bahamas