The Jamaican Dollar Reaches a New Low
crashing through the $99 Jamaican, to US $1 mark for the first time
This after losing 19 cents in trading against the US dollar after the
in the foreign exchange market. On Monday, April 1, authorized dealers
bought 55 million US dollars and sold just over $62M. The figures showed
that some traders paid as high as JMD $103 for the US dollar.
of confidence in the economic programmes, and the protracted delays in
getting an IMF agreement.