The value of the Jamaican dollar continues to appreciate in June, with the selling rate of the US dollar falling to J$129.21 at the close on Wednesday, down from J$130.14 at the close on the last day of the May.
The rate for the local dollar has appreciated on every day of the month except for a 1 cent rise on the 14th.
Helping with the fall in the value of the US dollar against the local currency is net inflows in each week of June. In the first full week of June, ending on the 9th net inflows into the system were US$21 million equivalent and for the US dollar $14 million, the second week, US$8.5 million and US$5 million respectively and so far of the third week, USS$17 million and US$20 million respectively.
J$ revaluation on the way
June 21, 2017 by
