KINGSTON, February 2022 - The Bank of Jamaica (BOJ) remains on track for rollout of the Central Bank Digital Currency (CBDC) during the first quarter of 2022.
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KINGSTON, Jamaica: The Opposition People’s National Party (PNP) has expressed dissatisfaction with the Government’s recent announcement to increase the minimum wage to $9,000 despite calls from the Opposition to increase the minimum wage to $12,000.
KINGSTON, February 23, 2022 - JIS - The Bank of Jamaica (BOJ) is reporting that the pace of foreign exchange rate depreciation has slowed significantly.
KINGSTON, Jamaica February 22, 2022 - Cabinet has approved a 28.5 per cent increase in the national minimum wage, effective April 1, 2022, and will see the rate moving from $7,000 to $9,000 per 40-hour work.
KINGSTON, Jamaica January 27, 2022 - JIS - Prime Minister Andrew Holness says Jamaica is poised to become the financial hub of the Caribbean. He noted that the country is increasing its technology in the financial sector with several e-commerce innovations, the National Identification System (NIDS), and the digital currency.
KINGSTON, Jamaica, January 26, 2022 - JIS - Prime Minister Andrew Holness, says Jamaica is recovering steadily from the economic fallout sparked by the coronavirus (COVID-19) pandemic, based on the out-turns of several key indicators.
JAMAICA, December 15, 2021 - For December 2021, Bank of Jamaica projects that the value of currency issued by the Bank will increase by approximately $23.1 billion (11.3 per cent), relative to the stock at end-November 2021 ($204.4 billion) (see Figure 1). The forecast for the month is below the five-year average growth rate of 16.4 per cent for the month of December.
KINGSTON, Jamaica, November 25, 2021 - The long-awaited highway to bypass the congested urban centre of Montego Bay in St. James will soon be a reality. with yesterday's signing of a contract for the Montego Bay Perimeter Road Project.
KINGSTON, Jamaica, November 22, 2021 - The Bank of Jamaica (BOJ) is reporting that the country’s gross international reserves, as at November 17, totalled approximately US$4.7 billion. Governor, Richard Byles, said the figure represents the equivalent of 143.8 per cent of the level considered adequate.
Washington, DC – November 17, 2021 - The International Monetary Fund says the Jamaican economy is recovering, but the risks to the outlook are significant, pointing out that as the crisis recedes and the recovery advances Jamaica should restart debt reduction and rebuild buffers, given high susceptibility to external shocks and risks to debt sustainability.
