Thursday, December 6, 2012

Private sector concerned with decline in value of Jamaican dollar

As the value of the Jamaican dollar continues decline, members of the private sector have voiced concern about the possible implications for the country.

On Wednesday, the Jamaican dollar currency sunk to its lowest value with more than J$92 required to purchase one US dollar.

At the end of the day, the US dollar was being sold an average J$92.05 but was being sold for as high as J$95 by some traders. One year ago the average rate was J$86.70.

The Jamaica Chamber of Commerce,

More details here...

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