The Bank of Jamaica (BOJ) is reporting that 60 per cent of the notes in circulation are polymer currency. “When we look at the notes in circulation, the number of pieces, it is about 40 per cent that are the old notes. So, it is a 60:40 ratio. We are no longer issuing old notes since last year November,” Deputy...

Bank of Jamaica wishes to advise that on Monday, 26 February 2024, teller services to members of the public will be closed at 11:00 a.m. In this regard, the public will have access to teller services from 9:00 a.m. until 11:00 a.m. This is to facilitate the relevant staff members getting time off to vote in the Local Government Elections....

The foreign exchange market remains relatively stable, reflecting continued strong tourism revenue and remittance inflows, as well as the effect of actions taken by the Bank of Jamaica (BOJ). Governor, Richard Byles, made the disclosure during the Central Bank’s Quarterly Monetary Policy Press Conference at the BOJ on Wednesday (February 21). “To prevent undue volatility in the foreign exchange market,...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, says the country’s economic prospects over the short to medium term are positive. Speaking during the PIOJ’s quarterly media briefing on Wednesday (February 21), Dr. Henry said this outlook is consequent on the continued growth in the economies of Jamaica’s main trading partners, which augurs well for increased...

The Government has made a budgetary allocation of $406 million to commence the second phase of the Rehabilitation of Research Centres project in the agricultural sector in the upcoming fiscal year. The allocation is contained in the 2024/25 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon....

The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the October to December 2023 quarter, compared with the corresponding period in 2022. Speaking during the PIOJ’s quarterly briefing on Wednesday (February 21), Director General, Dr. Wayne Henry, said the out-turn for the review quarter largely reflected the impact of higher...

The final audit and evaluation of the Public Sector Transformation Implementation Project is to be conducted in the upcoming fiscal year. Details of the undertaking are outlined in the 2024/25 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, on February 15. The Ministry of Finance and...