Tag: currency

COMMENTARY

Jamaica’s Currency

The value of the Jamaican currency has been perplexingly elevated to whom will grace the note they have fittingly debased? It is an aspiration to die for; this much is crystal clear. Even as or if we are trapped in the cynicism of the unsavory plot to ‘deitify’ those who have given us hell, let us with all sincerity wish […]

Jamaica

BOJ On Track For Digital Currency Rollout

The Bank of Jamaica (BOJ) remains on track for rollout of the Central Bank Digital Currency (CBDC) during the first quarter of 2022. Deputy Governor with responsibility for Banking, Currency Operations, and Financial Markets, Natalie Haynes, said that several key outputs are being targeted for the period. These are passage of amendment to the Bank of Jamaica Act to make […]

BUSINESS

Bitcoin Prices Tumble Amid Market Uncertainties

Bitcoin prices have tumbled to their lowest level in months following remarks from the US Federal Reserve. The cryptocurrency dropped in value from $47,000 earlier this week to less than $42,000 per digital coin. This move come minutes after a meeting of the Federal Reserve, which suggested it may raise interest rates. The fall in prices has seen Bitcoin hitting […]

Jamaica

Jamaica Gets Fitch’s Upgrades

One of America’s biggest rating agencies, Fitch Ratings Inc. has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses.  In explaining the affirmation of the “B+” ratings, […]

BUSINESS Commerce

U.S. Move Sends Canadian Dollar Stumbling

The United States act of imposing new tariffs on softwood lumber has sent the Canadian dollar tumbling to a 14-month low. The United States said recently it will impose preliminary anti-subsidy duties averaging 20 per cent on imports of Canadian softwood lumber, escalating a long-running trade dispute between the two countries. While the currency fell, shares in Canadian lumber companies […]