Bahamas Recognised with 2023 Public First Award
The Central Bank of The Bahamas was awarded the 2023 Public First Award during the event’s Appreciation Dinner on 14 March, in a ceremony at the Xara Lodge, Rabat, Malta.
The Public First Award is a biennial recognition, initiated in 2017 and presented to a central bank or individual whose work demonstrates the ideal of keeping the public first in mind in undertaking the design, production or issuance of a national currency.
Derek Rolle of the Central Bank of the Bahamas This year’s recipient was recognised for its family of banknotes incorporating novel combinations of technology never before seen and sourced from multiple and competing suppliers. The Bank’s vision was credited as the catalyst instrumental in achieving this cooperation, which led to the completion of the upgraded Bahamian banknote series known by the acronym CRISP (for Counterfeit-Resistant Integrated Security Products), and which has been well-received by the public and businesses alike.
On hand to accept the award on behalf of the Central Bank was Deputy Governor Derek Rolle. He had earlier that day presented to an audience of approximately 50 central banks on the topic ‘Convergence and Coexistence’, which provided an overview of the durability and security feature upgrades undertaken as part of the CRISP series, as well as the improvements seen in longevity and counterfeit deterrence observed following them.
Of the Public First Award, he commented that the Public First event provided ‘a unique opportunity to reflect on the accelerating impacts technology continues to have on banknote design,’ and was both pleased and honoured that the Bank was recognised for its striving to issue banknotes that are functional, secure and easy for the public to use.
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