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Bank of Jamaica (BOJ) Governor, Richard Byles (left), examines features on the new $5000 note being highlighted by BOJ Division Chief for Banking and Currency Operations, Chevanese Morais.
Bank of Jamaica (BOJ) Governor, Richard Byles (left), examines features on the new $5000 note being highlighted by BOJ Division Chief for Banking and Currency Operations, Chevanese Morais.

Gradual Reduction Anticipated for Paper-Based Banknotes in Circulation

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...
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.
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.

PHOTOS: New Jamaican Banknotes
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, displays a $500 bill from the new series of banknotes that was launched during a press conference at the Bank of Jamaica (BOJ) today (June 15).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, displays a $500 bill from the new series of banknotes that was launched during a press conference at the Bank of Jamaica (BOJ) today (June 15).

New Jamaican Banknotes Now Available
Prime Minister, the Most Hon. Andrew Holness (centre), shakes hands with World Bank President, Ajay Banga (left), during a meeting at Jamaica House on Wednesday (June 14). At right is Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.
Prime Minister, the Most Hon. Andrew Holness (centre), shakes hands with World Bank President, Ajay Banga (left), during a meeting at Jamaica House on Wednesday (June 14). At right is Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

Prime Minister Endorses Call for Broader Criteria to Determine Multilateral Funding Support
Jamaica Stock Exchange (JSE) Chairman, and Project STAR co-sponsor and public funding lead advisor, Julian Mair, makes a presentation during a press briefing at the Jamaica Constabulary Force (JCF) Headquarters in Kingston on Wednesday (June 14), to provide an update on the initiative’s implementation and outcomes to date.
Jamaica Stock Exchange (JSE) Chairman, and Project STAR co-sponsor and public funding lead advisor, Julian Mair, makes a presentation during a press briefing at the Jamaica Constabulary Force (JCF) Headquarters in Kingston on Wednesday (June 14), to provide an update on the initiative’s implementation and outcomes to date.

Project Star Administrators Looking to Raise $100M Through the Jamaica Social Stock Exchange

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Prime Minister, the Most Hon. Andrew Holness (second right), shakes hands with President of the Inter-American Development Bank, Ilan Goldfajn (left), during a meeting at Jamaica House on June 14. They are joined by President of the World Bank, Ajay Banga (second left) and Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.
Finance & Public ServiceForeign AffairsPrime Minister

Partnership with Int’l Financial Institutions Play A Key Role In Country’s Development – PM

Prime Minister, the Most Hon. Andrew Holness, says the Government’s partnership with the international financial institutions such as the World Bank and the Inter-American Development Bank (IDB) continues to play a pivotal role in the development of the country. The Prime Minister made the remarks during a meeting with newly appointed President of the World Bank, Ajay Banga and President...
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Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green (second left), leads a tour of the Content Greenhouse Cluster Project in Williamsfield, Manchester, on Wednesday (June 14), by President of the World Bank, Ajay Banga (left). Also on the tour were Greenhouse farmer Earl Williams (second right) and Managing Director of the Jamaica Social Investment Fund (JSIF), Omar Sweeney.
Finance & Public ServiceOffice of the Prime Minister

World Bank President Praises Jamaica’s Economic Health

World Bank President, Ajay Banga, has high praises for Jamaica’s current economic health, noting that “your country has managed your macro situation very well”. “It is not the same for many developing countries, which took on a great deal of debt when interest rates were low, both international and domestic debt,” he noted. “The World Bank and the International Monetary...
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Deputy Financial Secretary, Corporate Planning and Administration Division in the Ministry of Finance and the Public Service, Carlene Smith, explains the ‘Driven by Service Excellence’ strategic plan to Director, Corporate Communication and Public Relations, Shelly-Ann Weeks, during its internal launch on June 5.
Finance & Public Service

Ministry of Finance Puts Forward New Programme to Improve Service Delivery

Internal and external customers at the Ministry of Finance and the Public Service will now receive improved service as a result of its new programme, ‘Driven by Service Excellence’. The programme is the Strategic Road Map of the Ministry, which aims to streamline services to create more data-driven, efficient service delivery. Speaking with JIS News, Director of Corporate Communications and...
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EducationFinance & Public Service

BGLC Accepting Applications for Tertiary Education Grant

The Betting, Gaming and Lotteries Commission (BGLC) is accepting applications for the ‘BGLC Tertiary Education Grant’, for the 2023/2024 academic year. The grant is available to full-time first to fourth-year undergraduates, no older than 26 years, who are enrolled at an accredited local tertiary institution and have a grade point average (GPA) of at least 2.75. Manager, Corporate Affairs and...
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Executive Director, Financial Services Commission (FSC), Major Keron Burrell (centre), converses with (from left) Senior Programmes Director, Toronto Centre, Shelina Visram and Senior Partner, TELUS Health, Al Kiel. Occasion was the opening ceremony for the Caribbean Association of Pensions Supervisors (CAPS) Conference at The Jamaica Pegasus hotel in New Kingston on Tuesday (June 13).
Finance & Public Service

Regional Regulators Urged to Build Resilient Pension Systems

Stakeholder regulators across the region are being urged to build resilient pension systems with the capacity to respond to small and large shocks and navigate a rapidly changing financial sector. This charge comes from Financial Services Commission (FSC) Executive Director, Major Keron Burrell, who delivered the keynote address during Tuesday’s (June 13) opening ceremony for the Caribbean Association of Pensions...
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Members of the Ministry of Finance and the Public Service Debate Team display the Champion’s Trophy, after winning the second staging of the Public Sector Debate Competition. The final took place at the Jamaica Conference Centre, downtown Kingston, on Wednesday (June 7). Sharing the moment is Executive Director, Transformation Implementation Unit (TIU), Maria Thompson Walters (right).
Finance & Public Service

Ministry of Finance Wins Second Staging of Public Sector Debate Competition

The Ministry of Finance and the Public Service (MOFPS) are winners of the 2023 Public Sector Debate Competition. They defeated the Jamaica Information Service (JIS) in the final held on Wednesday, June 7 at the Jamaica Conference Centre in downtown Kingston. The Ministry walked away with the coveted winner’s trophy along with prizes valued over $1 million. These include a...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the House of Representatives on June 7.
Finance & Public ServiceParliament

House Approves Amendment of Copyright Act

The House of Representatives, on Wednesday (June 7), passed the Copyright (Amendment) Act, 2023. The legislation was piloted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. In his remarks, Dr. Clarke said the Copyright Act of 1993 was amended in 2015 to provide persons with a print or hearing disability access to copies or adaptations...
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