Speaking at the Virtual Installation Ceremony of Kecia Taylor, 2021-2022 recently, Bank of Jamaica (BOJ) Governor, Richard Byles, has given an updated timetable for the roll out of the Central Bank Digital Currency, CBDC, a digital currency which is a legal tender,...
PNP on Devaluation of Jamaican Dollar: Making his contribution to the 2021-2022 budget debate on Tuesday, Opposition Leader, Mark Golding highlighted a $33 billion dollar dividend being paid out of profits made by the Central Bank in 2018, 2019 and 2020. A substantial...
The outlook at the time of the tabling of the 2020/2021 budget in February was largely positive. The planning institute of Jamaica projected growth in the range of zero point five and one point 5 percent for the fiscal year. The main drivers of growth were expected to...
The Bank of Jamaica says it is committed to maintaining a flexible exchange rate system after it came under public scrutiny about its ability to manage the Foreign Exchange Market. The Jamaican dollar dropped to an unprecedented low, trading at 142 dollars to 1 US....
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