John Rolle is governor of the Central Bank of The Bahamas and is the second sitting central bank governor to appear on Macro Musings. In his first appearance on the show, John joins the program to discuss what it's like to manage a central bank in a small open economy with a fixed exchange rate, the economic vulnerabilities of a tourism-dependent economy, the SandDollar, the future of digital payments and financial resilience, and much more.

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Check out the transcript for this week's episode, now with links.

Recorded on September 8th, 2026

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Timestamps
00:00:00 - Intro
00:02:02 - Central Bank of the Bahamas
00:18:02 - The Economy of the Bahamas
00:24:56 - Financial Stability in the Bahamas
00:39:29 - Dollar-Based Stablecoins in the Bahamas
00:42:50 - Tokenized Deposits in the Bahamas
00:44:14 - Future of the Financial System and Economy in the Bahamas
00:49:41 - Small Open Economy Central Banks
00:52:04 - Outro

John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency

Macro Musings with David Beckworth

John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency