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The Commonwealth of The Bahamas consists of more than 700 islands, cays, and islets in the Atlantic Ocean and is located north of Cuba and Hispaniola (Haiti and the Dominican Republic); northwest of the Turks and Caicos Islands; southeast of the US state of Florida and east of the Florida Keys. The Bahamas is the site of Columbus' first landfall in the New World in 1492. Capital: Nassau (on the island of New Providence). Currency: Bahamian dollar (BSD).