Jamaican Dollar


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Jamaican Dollar

The currency of Jamaica. It was introduced in 1968, replacing the Jamaican pound. It has historically been a very weak currency. It is a floating currency.
References in periodicals archive ?
Alternately, one could bet against the Jamaican dollar.
It is struggling to manage the huge public-sector debt, of which more than two-thirds is denominated in Jamaican dollars and is, therefore, subject to the high local interest rates (by some accounts, more than 60 percent of government revenue this year will go to servicing existing obligations).
which demanded successive devaluations of the Jamaican dollar in exchange for balance-of-payments support.
Outside the top 20, Caribbean currencies fare well with the East Caribbean dollar up 25% and an 11% rise for the Jamaican dollar.
These include the depreciation of the Jamaican dollar against its U.
31, 2007 approximately 63% of service revenues were generated either in US dollars, Euros or pegged to these currencies, while an important part of group EBITDA is still linked to the Jamaican dollar.
The Barbados dollar (-15%) and Jamaican dollar (-9%) are down, though demand is up for the East Caribbean dollar (+3%)suggesting that St Lucia and Antigua may be big in 2010.
The Jamaican dollar has suffered a rapid devaluation since it began trading above J$50 against its U.
Already, the Jamaican dollar has faced downward pressures in the last two months, while the central bank has lost over USD300 million in foreign reserves since the beginning of this year.
What the Pound Buys Abroad also shows sterling is up 15 per cent in a year against the South African rand and 19 per cent in two years against the Jamaican dollar.
31, 2006 approximately 63% of revenues were generated either in US dollars, Euros or pegged to these currencies, while an important part of restricted group EBITDA is still linked to the Jamaican dollar.
The island's currency is the Jamaican dollar, although US dollars are widely accepted.