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 ?
Real interest rates were increased to such an extent that holders of hard currencies were induced to convert their holdings into Jamaican dollars, thereby earning for the holders rates of return over and above that which pertained to US dollars, pounds sterling or Canadian dollars.
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).
As the economic situation worsened after 1983, the government turned to the I.M.F., which demanded successive devaluations of the Jamaican dollar in exchange for balance-of-payments support.
--Further reserve accumulation and strengthening in the balance of payments would improve confidence in the Jamaican dollar. This would ease pressure on government solvency and inflation.
(tone) After the tone using your telephone keypad, please key in the total number of Jamaican Dollars you have collected (tone).
Successful winning bidders will be contacted by telephone between 9am and 5pm oi Wednesday April 11th ana will be required to bring their 'Daily Post Jamaican Dollar' tokens to the Daily Post office at Llandudno Junction before 5pm Friday April 13 in order for their bids to be counted and verified.
The Tug-o-war between the Bank of Jamaica (BoJ) and speculators over the value of the Jamaican dollar has left several sector leaders and ordinary Jamaicans in jitters, reports The Jamaica Gleaner (May 11, 2003).
Time zone: GMT -5hrs Currency: Jamaican dollar pounds 1 = 134.3
April 10 and will be required to bring their 'Daily Post Jamaican Dollar' tokens to the Daily Post office at Llandudno Junction before 4pm Thursday April 12 in order for their bids to be counted and verified.
These include the depreciation of the Jamaican dollar against its U.S.
Successful winning bidders will be contacted by telephone between 9am-12pm on Tuesday April 10 and will be required to bring their 'Daily Post Jamaican Dollar' tokens to the Daily Post office at Llandudno Junction before 4pm Thursday April 12 in order for their bids to be counted and verified.
The Jamaican dollar has suffered a rapid devaluation since it began trading above J$50 against its U.S.

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