Prime Minister Dr Andrew Holness has hailed the US$6.7-billion (J$1 trillion) reconstruction package assembled for hurricane-battered Jamaica as “historic”, declaring it “the single, largest and most comprehensive development financing package” ever put together for the island. Addressing the House of Representatives on Tuesday, Holness said the unprecedented level of support represents a decisive global commitment to rebuilding Jamaica stronger after Hurricane Melissa. The coordinated across fi
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Prime Minister Dr Andrew Holness has hailed the US$6.7-billion (J$1 trillion) reconstruction package assembled for hurricane-battered Jamaica as “historic”, declaring it “the
Jamaica Gleaner. . Prime Minister Dr Andrew Holness has hailed the US$6.7-billion (J$1 trillion) reconstruction package assembled for hurricane-battered Jamaica as “historic”, declaring it “the single, largest and most comprehensive development financing package” ever put together for the island. Addressing the House of Representatives ...
8.2K views1 day ago
Jamaican Dollar Exchange Rate
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In the past nine (9) years, the Jamaican dollar has depreciated by an average of 2.9% per year relative to the US dollar. This is by far the lowest rate of currency depreciation under any political administration since Independence. Under the PNP, the dollar depreciated by an average of 8.5% annually. The worst currency depreciation took place under the PNP administration of 1989-2007. When they assumed office in 1989, the exchange rate was J$5.51 to US$1. When they left in 2007, the dollar had
3:50
In the past nine (9) years, the Jamaican dollar has depreciated by an average of 2.9% per year relative to the US dollar. This is by far the lowest rate of currency depreciation under any political administration since Independence. Under the PNP, the dollar depreciated by an average of 8.5% annually. The worst currency depreciation took place under the PNP administration of 1989-2007. When they assumed office in 1989, the exchange rate was J$5.51 to US$1. When they left in 2007, the dollar had
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