What is ‘JMD’
The currency abbreviation or the currency symbol for the Jamacian dollar (JMD), the currency for Jamaica. The currency is made up of 100 cents and is often presented with the symbol (J$) or (JA$). The Jamaican dollar was also formerly used in the Cayman Islands.
Explaining ‘JMD’
The Jamaican dollar was first seen replacing the Jamaican pound in 1969. Both coins and notes were issued, but its value has fallen substantially since then, reaching new lows early in 2009. Many bills have been replaced by coins, and a $1000 note began circulating in 2000.
Further Reading
- Foreign Currency Flows and the Jamaican Economy – link.springer.com [PDF]
- Foreign Exchange Intervention and Systematic Monetary Policy in Jamaica: Has there been any Unification? – papers.ssrn.com [PDF]
- Richer but fatter: the unintended consequences of microcredit financing on household health and expenditure in Jamaica – onlinelibrary.wiley.com [PDF]
- An econometric analysis of Jamaica's import demand function with the US and UK – papers.ssrn.com [PDF]
