JMD information
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.
BNA to JMD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.1725 | 0.0200% / 0.0320%VIP 7 |
How to buy Bananatok
Buy BNA (or USDT) for JMD (Jamaican Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
O OTEDOLA 70 trades|Completion rate 100.00% | 1 USD | Amount300 USDT Limit10 - 300 USD | ||
m mundocripto 13 trades|Completion rate 100.00% | 1.018 USD | Amount253.11 USDT Limit10 - 200 USD | ||
R Recharge 42 trades|Completion rate 100.00% | 1.029 USD | Amount295.72 USDT Limit10 - 360 USD | ||
T TradePro 20 trades|Completion rate 100.00% | 1.03 USD | Amount818.96 USDT Limit100 - 800 USD | ||
P Ponreay_FX 165 trades|Completion rate 99.00% | 1.033 USD | Amount1178.28 USDT Limit10 - 1010 USD |
Sell BNA (or USDT) for JMD (Jamaican Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Suarman Trades 16 trades|Completion rate 94.00% | 1.2 USD | Amount40000 USDT Limit1200 - 46000 USD | ||
R Russiad_BC 23 trades|Completion rate 96.00% | 1.199 USD | Amount3723.2 USDT Limit10 - 4000 USD | ||
R Recharge 42 trades|Completion rate 100.00% | 1.197 USD | Amount1463 USDT Limit10 - 1007 USD | ||
c cR7_trader 3 trades|Completion rate 100.00% | 1.123 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
B BGUSER-VBXPGM6X 46 trades|Completion rate 92.00% | 1.122 USD | Amount99576.3 USDT Limit10 - 50000 USD |
What factors influence the conversion rate of Bananatok to Jamaican Dollar?
Bananatok to Jamaican Dollar is rising this week.Conversion tables
The exchange rate of Bananatok is decreasing.BNA to JMD
JMD to BNA
Today vs. 24 hours ago
Amount | 20:18 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BNA | $0.0005500 | $0.0004501 | +22.21% |
1 BNA | $0.001100 | $0.0009001 | +22.21% |
5 BNA | $0.005500 | $0.004501 | +22.21% |
10 BNA | $0.01100 | $0.009001 | +22.21% |
50 BNA | $0.05500 | $0.04501 | +22.21% |
100 BNA | $0.1100 | $0.09001 | +22.21% |
500 BNA | $0.5500 | $0.4501 | +22.21% |
1000 BNA | $1.1 | $0.9001 | +22.21% |
Today vs. 1 month ago
Amount | 20:18 today | 1 month ago | 1M change |
---|---|---|---|
0.5 BNA | $0.0005500 | $0.0009245 | -40.51% |
1 BNA | $0.001100 | $0.001849 | -40.51% |
5 BNA | $0.005500 | $0.009245 | -40.51% |
10 BNA | $0.01100 | $0.01849 | -40.51% |
50 BNA | $0.05500 | $0.09245 | -40.51% |
100 BNA | $0.1100 | $0.1849 | -40.51% |
500 BNA | $0.5500 | $0.9245 | -40.51% |
1000 BNA | $1.1 | $1.85 | -40.51% |
Today vs. 1 year ago
Amount | 20:18 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 BNA | $0.0005500 | $0.001206 | -54.40% |
1 BNA | $0.001100 | $0.002412 | -54.40% |
5 BNA | $0.005500 | $0.01206 | -54.40% |
10 BNA | $0.01100 | $0.02412 | -54.40% |
50 BNA | $0.05500 | $0.1206 | -54.40% |
100 BNA | $0.1100 | $0.2412 | -54.40% |
500 BNA | $0.5500 | $1.21 | -54.40% |
1000 BNA | $1.1 | $2.41 | -54.40% |
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