The Bank of Jamaica (BOJ) has revealed that in the month of June the Jamaican dollar revalued by $1.45 against the US greenback during trading. 

On Monday the local currency began trading at $128.62 , from $130.07 on June 1st.

It represented one of the largest monthly appreciation of the dollar, which re-entered $128 territory, in years.

The dollar is responding in part to a weaker US dollar, which has lost gains made since US president Donald Trump came to office, and also a new BOJ auction system.

Meanwhile, the British Pound Sterling closed at $166.58 from $168.16 on June 1st, while the Canadian dollar closed at $99.39 from $97.09.

Related Post: How the Jamaican Dollar Has Devalued Over Time

Image Source: cutcaster.com

Via Loop Jamaica



                     

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The Bank of Jamaica (BOJ) has revealed that in the month of June the Jamaican dollar revalued by $1.45 against the US greenback during trading. On Monday the local currency began trading at $128.62 , from $130.07 on June 1st.It represented one of the largest monthly appreciation of the dollar, which...

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