IMF published this video item, entitled “The Exchange | Digital Money” – below is their description.
The Bahamas is the first country in the world to debut a central bank digital currency – the Sand Dollar – which helps connect the 700 islands across its territory. Countries around the world now look to the Bahamas for lessons as they explore issue their own digital currency to unlock the benefits of financial inclusion while carefully managing the risks.
Join this conversation between Central Bank Governor John Rolle and IMF Managing Director Kristalina Georgieva moderated by CNN’s Julia Chatterley as they explore fundamental questions about the future of money.IMF YouTube Channel
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In This Story: Bahamas
The Bahamas, known officially as the Commonwealth of The Bahamas, is a country within the Lucayan Archipelago of the West Indies in the Atlantic. It takes up 97% of the Lucayan Archipelago’s land area and is home to 88% of the archipelago’s population.
The archipelagic state consists of more than 700 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and Hispaniola Island (Haiti and the Dominican Republic), northwest of the Turks and Caicos Islands, southeast of the US state of Florida, and east of the Florida Keys.
The capital is Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas’ territory as encompassing 470,000 km2 (180,000 sq mi) of ocean space. The country gained governmental independence in 1973 led by Sir Lynden O. Pindling, with Elizabeth II as its queen.
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