Catalog
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| Issuer | Central Bank of the Bahamas |
|---|---|
| Year | 1984 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1966-date) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Sailing ship |
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| Comments |
The P#49 is the highest denomination in the Bahamas' 1974-series signature range and was never intended for everyday commerce — at 1984 face value, a single note represented roughly a week's wages for many Bahamians. Actual circulation was minimal; the notes functioned primarily as interbank instruments and for large-scale tourism transactions in Nassau and Freeport.
De La Rue's production of this series coincided with the Bahamas' ongoing effort to project monetary credibility in a dollar-pegged economy heavily dependent on offshore banking confidence. The 1:1 peg to the US dollar, maintained since independence in 1973, made the $100 denomination particularly sensitive to questions of counterfeiting — the lone watermark as primary security now looks thin by the standards even of that decade.