Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government is working to reduce Jamaica’s climatic vulnerability by instituting a “suite of financial instruments that can pay out in the event of a natural disaster”. He noted that Jamaica became the first small country globally to independently sponsor a catastrophe bond that provides fiscal resources...

Tax Administration Jamaica (TAJ) wishes to advise that the Montego Bay Revenue Service Centre (MBRSC) will reopen for limited business (8:30 a.m. – 12:00 p.m.) tomorrow, Tuesday, June 20, 2023, until further notice. These limited services include: • Collections (cashiering services) • Renewal of Drivers' Licence • Substitute Driver's Licence • Provisional Driver's Licence • New Driver's Licence • Collection...

The quantity of paper-based banknotes now in circulation is expected to be gradually reduced over at least the next 12 to 24 months. This, as the Bank of Jamaica (BOJ) undertakes phased disbursement of the new Polymer replacement versions. BOJ Governor, Richard Byles, told JIS News that persons will be able to conduct transactions using the existing banknotes alongside the...

Bank of Jamaica (BOJ) Governor, Richard Byles (left), examines features on the new $5,000 note, being highlighted by BOJ Division Chief for Banking and Currency Operations, Chevanese Morais.

The new series of polymer Jamaican banknotes was officially released to the public today and can be obtained from the Bank of Jamaica and commercial banks. The series comprises upgraded $50, $100, $500, $1,000 and $5,000 notes, and the newly introduced $2,000 bill. In a series of posts on Twitter, Minister of Finance and the Public Service, Dr. the Hon....

Prime Minister, the Most Hon. Andrew Holness, has endorsed the call for a wider set of metrics to be used by multilateral financial institutions in determining the support that is provided to countries. “There is a regional and, indeed, a global debate about the nature of support that comes from multilateral financial institutions. There is a sense that it relies...

The administrators of Project STAR (Social Transformation and Renewal) are seeking to raise $100 million via an Initial Public Offering (IPO), which will be launched on the Jamaica Social Stock Exchange (JSSE) come June 22. Project STAR is a social and economic transformation initiative created by the Private Sector Organisation of Jamaica (PSOJ) in partnership with the Jamaica Constabulary Force...