May
14
2009
Jamaica introduces $5,000 note, worth US$55
Posted by: in Forex News, tags: Bank Of Jamaica, Boj, Circulation, Current Exchange, Debt Burden, Excerpt, Inflation, Jamaica Economy, News Sources, SpeculationsNews Sources wrote an interesting post today on
Here’s a quick excerpt
With the JA$1000 note now worth US$27, the BOJ is set to release a new JA$5,000 note (US$55) into circulation on Monday The Bank of Jamaica (BOJ) today confirmed speculations that a new note – denominated JA $5,000 – will be introduced from Monday, May 18, 2009. As Jamaica’s economy sees a high debt burden, rising inflation and a falloff in exports, the value of the Jamaica dollar has plummeted, such that even this new bill will only be worth US$55 at the current exchange r
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