Tag: bank of jamaica

Jamaica

Jamaica — Growth To Remain Within Seven to 10 Percent Range For 2021-22

As the economy continues to rebound from the impact of the coronavirus (COVID-19) pandemic, the Bank of Jamaica (BOJ) is projecting growth to remain within the seven to 10 percent range for the fiscal year 2021-22, before moderating to between two and four percent in 2022-23. BOJ Governor, Richard Byles, said the positive outlook comes against the background of stronger-than-expected […]

Jamaica

Bank Of Jamaica In Digital Currency Act

According to press reports, the Bank of Jamaica (BOJ) has so far issued $1 million of its central bank digital currency (CBDC). The CBDC has been made available to BOJ staff through the bank’s internal wallet, as part of the CBDC pilot. Deputy Governor of the Bank of Jamaica Natalie Haynes says by the end of this month, National Commercial […]

Jamaica

Jamaica — No Dividends Payout For 2020

According to a Bank of Jamaica (BOJ) press release, the bank is closely monitoring the current impact of the novel COVID-19 virus pandemic on the global and domestic financial system. The release noted that although the country’s economy has been impacted negatively by the coronavirus, the BOJ has indicated that the fundamentals of Jamaica’s “financial system continue to be strong […]