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The Bahamas were a British colony until 1973, and after independence, became part of the British Commonwealth. The Commonwealth is a grouping of nations who were former British colonies and agree to recognize the British monarch as their head of state. All Commonwealth members are democracies, with elected Parliaments, where the monarch has theoretically extensive powers, but is in practice, more of a figurehead.

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Q: Why does the Bahamas have constitutional monarchy?
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