The Jamaican dollars is the official currency which is required to pay for all goods and services. However, this law is lax and so many times one can use the US Dollar instead of the Jamaica currency for many transactions. Changing your home currency to Jamaican dollars is very easy. There are myriads of bureaus de exchange or better known as cambio all over Jamaica starting at the airports.
They are located at the hotels, cruise ports and banks.
They are located at the hotels, cruise ports and banks.
The Jamaica currency is denoted in dollars, Jamaican dollar (JMD). These notes are issues in the amounts of $50, $100, $500 and $1000. Famous Jamaican people such as National heroes and past Prime Ministers heads are featured on the notes.
The Jamaica currency is not fixed and so the rate of exchange fluctuates on a daily basis. If you are planning a trip to Jamaica I recommend that you wait until you are there before changing your to Jamaica currency.
The Jamaica currency is not fixed and so the rate of exchange fluctuates on a daily basis. If you are planning a trip to Jamaica I recommend that you wait until you are there before changing your to Jamaica currency.
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If you like to travel with plastic then no need to worry. Most business places do accept Visa, American Express, Diners Club and Master Card. As for ATMs the majority of the machine recognize cards with Cirrus or Plus logos. Cash will be received in Jamaica currency at the current exchange rate.
The Jamaica currency has slowly devalued on the world market for almost 3 decades. Thirty years ago the Jamaican dollar was valued at about 90 cents for every U.S dollar. At the beginning of 2009 the 1 US Dollar values approximately $89 Jamaican dollars.
The Jamaica currency faces a big problem because Jamaica is a consumer’s paradise. Jamaica spends more on exports than it earns on imports and this is what drives the Jamaica currency down to such a low. This means that we are always in need of foreign exchange to keep our Jamaican dollar floating.
The Jamaica currency has slowly devalued on the world market for almost 3 decades. Thirty years ago the Jamaican dollar was valued at about 90 cents for every U.S dollar. At the beginning of 2009 the 1 US Dollar values approximately $89 Jamaican dollars.
The Jamaica currency faces a big problem because Jamaica is a consumer’s paradise. Jamaica spends more on exports than it earns on imports and this is what drives the Jamaica currency down to such a low. This means that we are always in need of foreign exchange to keep our Jamaican dollar floating.