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Glite Dictionary
🐚 A flat sea urchin 💵 Bahamas digital money
sand dollar

sand dollar

6.8
Digital money issued by the Central Bank of The Bahamas and used as legal money in the Bahamas
  • noun
  • Neologism
translation icon : dólar de arena
  • The government encouraged citizens to use the sand dollar for faster, cheaper payments across the islands.

Examples

  • Tourists paid the hotel bill with a Bahamian sand dollar using a mobile wallet app.

  • After opening an account, she transferred her wages into the sand dollar for everyday spending.

  • The sand dollar is now a legal form of currency in The Bahamas.

  • Have you ever used a sand dollar for a purchase?

  • The government encouraged citizens to use the sand dollar for faster, cheaper payments across the islands.

  • Tourists paid the hotel bill with a Bahamian sand dollar using a mobile wallet app.

  • After opening an account, she transferred her wages into the sand dollar for everyday spending.

Synonyms

Bahamian dollar
vssand dollar
3.2

The official money used in the Bahamas that is equal to 100 cents

is issued as a digital central bank form rather than the physical money unit

Surface Forms

sand dollar singular
sand dollars plural

Morphology

sand + dollar

The element 'dollar' clearly signals a monetary unit, so learners who know the constituents will likely infer that this is some kind of currency. However, the modifier 'sand' does not convey that this is a central-bank digital currency or legal-tender status (and the term functions as a proper name), so the specific CBDC meaning cannot be fully derived from the parts.

Etymology

Sand dollar was named by the Bahamas central bank to feel like a local coin, mixing the islands' sand with the word 'dollar'. So the name shows it is the country's digital 'dollar' used across the Bahamas.