The Bahamian dollar is the official currency of the Bahamas. The Bahamian dollar is the official currency of the Bahamas. It was introduced in 1966, replacing the Bahamian pound. One Bahamian dollar is divided into 100 cents. The Bahamian dollar is issued by the Central Bank of The Bahamas and is symbolized by the abbreviation BSD. The exchange rate of the Bahamian dollar is relatively stable compared to other currencies, and it is pegged to the US dollar at a rate of 1:1. The Bahamian dollar is widely used in the Bahamas for all transactions.