J$ Continues Climb, Ends March at J$98.89 to US$1
There is an old saying in Jamaica that everyone knows: “Tek bad tings mek joke” – meaning making light of bad events happening around us. The current continuous slide in the dollar is unfortunately not...
View Article6 Things You Need To Know Today: April 4, 2013
Cutting The Fat – Finance Minister To Present Tight Budget Today. Jamaicans will know today just how much the Government plans to spend during this fiscal year but already some financial analysts are...
View ArticleChart Of The Week: The Stock Market vs. The Dollar
The Jamaica Stock Exchange Market Index has lost 11% of its value during the period December 31st 2012 through March 28th 2013. Meanwhile, the Jamaican Dollar has lost 6% of its value during the same...
View Article6 Things You Need To Know Today: April 8, 2013
A ‘Bills’ Is Now A Bill. Currency movements between today and tomorrow could tip the Jamaican dollar, which closed on Friday at $99.51 to US$1, to the triple-digit mark, shattering a psychological...
View Article6 Things You Need To Know Today: April 9, 2013
IMF Deal In Weeks – Gov’t Looks To Growth As Agreement Expected By Month End. The Ministry of Finance and Planning has subdued its glee in reacting to the likelihood of an inked deal with the...
View ArticleImage of the Week – $100:$1
Our image of the week is taken from one of the Monday Gleaner‘s lead stories, A ‘Bills’ is Now A Bill. If you’ve ever wondered why many Jamaicans refer to the $100 bill as a ‘dollar,’ you need look no...
View ArticleChart Of The Week: The Downward Streaking NIR vs. The Sliding Jamaican Dollar
diGJamaica has juxtaposed the rising exchange rate with the declining net international reserves. The graph above shows an interesting, albeit exaggerated, interaction between the two. The Bank of...
View Article6 Things You Need To Know Today – May 13, 2013
‘Give us diamonds’. The man credited with transforming the Montego Freeport into a gold mine, Tony Hart, has launched a campaign to have western Jamaica’s two white elephants – the Trelawny...
View ArticleJamaican Dollar Makes History
On Friday June 7, 2013 the Jamaican Dollar made history when it broke the psychological barrier of $100 to US$1, closing trading with a weighted average rate of $100.08:US$1. This represents a 1.1%...
View Article6 Things You Need To Know Today – June 14, 2013
Wynter Not Worried… Says BOJ Expected Currency Movement. Governor of the Bank of Jamaica Brian Wynter yesterday appeared unperturbed by the recent depreciation of the local currency that sent the...
View Article$101 & Counting
On June 5th 2013, to be exact the US Dollar closed trading selling at an average $100.08:US$1, representing the breaking of the psychological barrier $100 to US$1. It further went on to end trading...
View Article6 Things You Need To Know Today – July 16, 2013
Brand Jamaica Safe, Says JAMPRO. The agency in charge of marketing the nation’s image to the world is urging Jamaicans to rest assured that the country’s brand will stand firm in the face of the...
View Article6 Things You Need To Know Today – August 27, 2013
Hunt On For Back-To-School Deals Amid Cash Crunch. With less than a week to go before the 2013-2014 school year begins, hundreds of parents flocked the shopping malls and plazas in downtown Kingston...
View ArticleThe Evaporating Dollar…
December 31, 1999 – Some of us as “techies” waited till midnight to see if the world would end with the Y2k bug that was supposed to reset millions of machines. Some of us just went out and partied....
View ArticleDollar Continues To Weaken
The history making Jamaican Dollar continues to break boundaries. diGgers did you know that when the J$100 to US$1 mark was broken on June 7, 2013, the JMD dollar only traded within that range for 5...
View Article6 Things You Need To Know Today – October 2, 2013
Government Waived $12m On Luxury Vehicles In June. Jamaica’s cash-strapped Government approved approximately $12 million in waivers to individuals and institutions for the importation of luxury...
View ArticleExchange Rate Update: Record High – $103
On September 30, 2013, “good news” broke that the International Monetary Fund Executive Board had approved the first review of Jamaica’s four year Extended Fund Facility agreement. The same day ‘bad...
View Article6 Things You Need To Know Today – October 8, 2013
Water Rate Hike – NWC Bills To Rise This Month As OUR Grants 18 Per Cent Increase. The majority of National Water Commission (NWC) customers will see an 18 per cent hike in their bills come month end,...
View ArticleBusiness Update: Net Remittances Up By 3%
It is no secret that Remittances tops the list of foreign exchange earners for the country. It is the way in which many families and individuals who have migrated over the years in search of the...
View Article6 Things You Need To Know Today – October 30, 2013
No Good For Hub: Lobbyists’ Alternatives To Goat Islands Not Viable – Studies. After conducting technical studies in sections of the island, China Harbour Engineering Company (CHEC) rejected sites that...
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