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GENAI
GENAI
swap
JMD
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About Jamaican Dollar (JMD)

The Jamaican Dollar (JMD), introduced in 1969, is not just the currency of Jamaica; it symbolizes the nation's post-independence economic journey and cultural identity. It is commonly abbreviated as JMD and represented by the symbol $.

Historical Background

The Jamaican Dollar was introduced on January 30, 1969, replacing the Jamaican Pound, as Jamaica moved towards decimalization following its independence from Britain in 1962. This shift was a crucial step in asserting Jamaica's economic sovereignty and a departure from its colonial past.

Design and Symbolism

The design of the Jamaican Dollar is a celebration of the nation's rich history and cultural diversity. Banknotes and coins are adorned with portraits of national heroes, such as Marcus Garvey and Nanny of the Maroons, and depict iconic landmarks and scenes representing Jamaica’s natural beauty, such as Dunn's River Falls. These designs serve as a daily reminder of Jamaica’s proud heritage and natural wonders.

Economic Role

The Jamaican Dollar is central to the island's economy, characterized by its tourism sector, bauxite/alumina exports, and agriculture. As the primary medium of exchange, the Jamaican Dollar facilitates trade and commerce, playing a critical role in the economic activities of the nation.

Monetary Policy and Inflation

Managed by the Bank of Jamaica, the Jamaican Dollar has faced challenges such as inflation and devaluation. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster sustainable economic growth. These measures are crucial for maintaining the confidence of both domestic and international investors.

International Trade and the Jamaican Dollar

The Jamaican Dollar's exchange rate plays a significant role in international trade, particularly for Jamaica's key exports and the tourism industry. A stable and competitive exchange rate is essential for maintaining the attractiveness of Jamaican exports and the tourism sector.

Remittances and Economic Impact

Remittances from Jamaicans living abroad, particularly in the United States, United Kingdom, and Canada, are a significant source of foreign income. These funds, converted into Jamaican Dollars, support many families and contribute to the national economy.

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Bitgethot-iconcalculator.compare.best
$0.01906
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$0
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0 GENAI

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0.5 GENAI
$0.009529
1 GENAI
$0.01906
5 GENAI
$0.09529
10 GENAI
$0.1906
50 GENAI
$0.9529
100 GENAI
$1.91
500 GENAI
$9.53
1000 GENAI
$19.06

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coin.amountcalculator.detail.time_
0.5JMD26.24  GENAI
1JMD52.47  GENAI
5JMD262.36  GENAI
10JMD524.73  GENAI
50JMD2,623.64  GENAI
100JMD5,247.28  GENAI
500JMD26,236.4  GENAI
1000JMD52,472.79  GENAI

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 GENAI$0.{4}6027$0.{4}6027
+0.00%
1 GENAI$0.0001205$0.0001205
+0.00%
5 GENAI$0.0006027$0.0006027
+0.00%
10 GENAI$0.001205$0.001205
+0.00%
50 GENAI$0.006027$0.006027
+0.00%
100 GENAI$0.01205$0.01205
+0.00%
500 GENAI$0.06027$0.06027
+0.00%
1000 GENAI$0.1205$0.1205
+0.00%

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0.5 GENAI$0.{4}6027$0.{4}4601
+30.99%
1 GENAI$0.0001205$0.{4}9202
+30.99%
5 GENAI$0.0006027$0.0004601
+30.99%
10 GENAI$0.001205$0.0009202
+30.99%
50 GENAI$0.006027$0.004601
+30.99%
100 GENAI$0.01205$0.009202
+30.99%
500 GENAI$0.06027$0.04601
+30.99%
1000 GENAI$0.1205$0.09202
+30.99%

calculator.detail.price_year

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0.5 GENAI$0.{4}6027$0.00
-93.94%
1 GENAI$0.0001205$0.00
-93.94%
5 GENAI$0.0006027$0.00
-93.94%
10 GENAI$0.001205$0.00
-93.94%
50 GENAI$0.006027$0.00
-93.94%
100 GENAI$0.01205$0.00
-93.94%
500 GENAI$0.06027$0.00
-93.94%
1000 GENAI$0.1205$0.00
-93.94%

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