Catalog
| Issuer | The Bahamas |
|---|---|
| Year | 2005 |
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| Value | 250 Dollars 250 BSD = RSD 24 659 |
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|---|---|
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| Obverse lettering | · COMMONWEALTH OF THE BAHAMAS · RDM 250 DOLLARS |
| Reverse description | Central device comprising the circular emblem of the Grand Bahama Port Authority, depicted as a cogwheel-shaped badge enclosing a compass rose quartered with symbols of industry and commerce: an aircraft, a ship, a tropical resort building, and an industrial crane. The legend 'GRAND BAHAMA · PORT AUTHORITY ·' arcs around the inner circle. A crown surmounts the emblem at the top. The commemorative dates '1955' and '2005' flank the crown on either side in large numerals, marking the 50th anniversary of Freeport. A leaping dolphin appears to the left and right of the central device. The inscription 'FREEPORT' runs in large letters along the lower exergue. |
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| Additional information |
Freeport, established under the Hawksbill Creek Agreement of 1955, was granted sweeping tax concessions and administrative autonomy that made it effectively a city operating outside normal Bahamian jurisdiction — a deliberate experiment in free-market urban development backed by Wallace Groves and the Grand Bahama Port Authority. The arrangement remained politically contentious for decades.
This issue marks the fiftieth anniversary of that agreement.