Press Release
Public Update on the Penny Redemption Exercise
The Central Bank of The Bahamas advises that, due to matters beyond its control, it will not proceed with its planned penny redemption-by-kiosk programme, which had been outsorsed to a third-party vendor.
The Central Bank will continue to redeem one-cent coins by weight and honour penny deposits at commercial banks until 30 June, 2021. The public can expect ongoing announcements of dates and venues for New Providence redemption sites.
Beginning March 2021, redemption exercises will commence on Grand Bahama and the Family Islands. Dates and venues will be announced in the coming weeks.
The public is invited to follow The Bahamas Penny Page on Facebook and Central Bank of The Bahamas on Instagram for updates on the redemption exercise.
26 January, 2021
- Press Release Penny Redemption UpdateView |Download
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Central Bank of The Bahamas published this content on 27 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2021 21:17:07 UTC
