250 Dollars - Elizabeth II Freeport

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.