Jamaican dollar reaches historic high of J$110 to US$1
After losing approximately 12 percent of its value when compared to the US dollar over a one year period, the Jamaican dollar seems to be coasting along just fine on its path of devaluation.
The historic high against the US dollar came at the close of foreign exchange trading today.
The American dollar gained $0.04 to end at an average of J$110 to US$1.
In further trading, the Canadian dollar slipped by $0.52 to finish at an average selling rate of J$99.31 to CAN$1, while the British pound strengthened by $0.23 to close at an average of J$184.82 to £1.
On the markets, the American dollar sold for a high of $114.28 and a low of $90.59.
How much further devaluation are you anticipating by year’s end? Let us know in the comments.
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110 for us dollar? it will get harder and harder for the poor until it crash,, these politicians know that we are doom but non of them wants the crash to be on their clock .. so they give us false promises that keeps them going to the IMF over and over,,to sink us deeper in their hell
The system is this. Jamaica is stated to be independent but we are not self reliant. A country the size Jamaica 2.5- 3million people with our natural resources plus climate and tourists attractions we should be flying high. We have too many people in high places and too much in accountability. What took place in late 70s to 1980 if it had happen in certain countries of interest to the G8 people would have to be accountable. Dudus was captured because USA siad so and if there was anyone else that the US wanted despite the police didn’t know there… Read more »
110 for us dollar? it will get harder and harder for the poor until it crash,, these politicians know that we are doom but non of them wants the crash to be on their clock .. so they give us false promises that keeps them going to the IMF over and over,,to sink us deeper in their hell
110 for us dollar? it will get harder and harder for the poor until it crash,, these politicians know that we are doom but non of them wants the crash to be on their clock .. so they give us false promises that keeps them going to the IMF over and over,,to sink us deeper in their hell
The system is this. Jamaica is stated to be independent but we are not self reliant. A country the size Jamaica 2.5- 3million people with our natural resources plus climate and tourists attractions we should be flying high. We have too many people in high places and too much in accountability. What took place in late 70s to 1980 if it had happen in certain countries of interest to the G8 people would have to be accountable. Dudus was captured because USA siad so and if there was anyone else that the US wanted despite the police didn’t know there… Read more »
The system is this. Jamaica is stated to be independent but we are not self reliant. A country the size Jamaica 2.5- 3million people with our natural resources plus climate and tourists attractions we should be flying high. We have too many people in high places and too much in accountability. What took place in late 70s to 1980 if it had happen in certain countries of interest to the G8 people would have to be accountable. Dudus was captured because USA siad so and if there was anyone else that the US wanted despite the police didn’t know there… Read more »