1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.158 BSD (Bahamian Dollar). It is the official currency for the Bahamas. It is denoted by the symbol B$. The Dollar is divided into 100 cents. BSD is pegged to the US Dollar at par. Businesses in the Bahamas accept both the Bahamian Dollar and the US Dollar. The BSD is governed by the Central Bank of the Bahamas.