The rapid depreciation in the value of the Jamaican dollar over the past three weeks will not continue in that manner over the rest of the 2013-2014 fiscal year, Bank of Jamaica Governor Brian Wynter assured yesterday.
Continuing depreciation of the Jamaican dollar have weakened domestic demand, reduced revenues and profits, leading to a drop in business confidence to the lowest level since 2009.
Wynter explained that Jamaica was facing a balance of payments problem, and as a result,
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