In April 2021, Bank of Jamaica invited creatives to come up with a suitable name, tagline, logo and representative image for its Central Bank Digital Currency (CBDC). We thank those who answered the call and submitted entries for this competition. The Bank is pleased to announce the winners of the Central Bank Digital Currency (CBDC) Name, Tagline and Logo Competitions....

The Statistical Institute of Jamaica (STATIN) is reporting that the inflation rate for December 2021 was 0.8 per cent. Director General, Carol Coy, said that this was due mainly due to a 4.7 per cent increase in the index for the division – ‘Housing, Water, Electricity, Gas, and Other Fuels’. Speaking during STATIN’s digital quarterly media briefing on Monday (January...

Jamaica generated calendar year export earnings of US$1.15 billion between January and September 2021. This out-turn represents a 26.3 per cent increase over the US$910.7 million recorded for the corresponding period in 2020. Statistical Institute of Jamaica (STATIN) Director General, Carol Coy, says the increase was mainly driven by higher exports of ‘Minerals Fuels’, which climbed by 96.8 per cent....

The Statistical Institute of Jamaica (STATIN) is reporting that three industries accounted for the largest increase in employment of 68.7 per cent, in October 2021. These, according to Director General, Carol Coy, are ‘Real Estate and Other Business Services’; ‘Arts, Entertainment, Recreation and Other Services’ and ‘Construction’. She was speaking during STATIN’s digital quarterly media briefing on Monday (January 17)....

The country’s unemployment rate fell to a record low of 7.1 per cent for October 2021, according to the Statistical Institute of Jamaica (STATIN) Labour Force Survey for the month. This is 0.1 percentage point lower than the previous 7.2 per cent pre-coronavirus (COVID-19) out-turn recorded in October 2019. STATIN’s Director General, Carol Coy, said the October 2021 figure also...

A sum of $1 billion has been allocated to the Ministry of National Security for the purchase of motorbikes and other items, which will help to improve efficiency for members of the Jamaica Constabulary Force (JCF). The money, which will also be used to purchase armoured vests, information and communications technology (ICT) hardware, furniture and equipment, has been provided in...

Minister of Finance and the Public Service Dr. the Hon. Nigel Clarke says Jamaica’s economy is recovering from the coronavirus (COVID-19) pandemic at a rate that is surpassing other countries in the region. He noted that the country’s recovery is evidenced by the growth of the economy by 5.8 per cent in the July to September quarter, 2021, as reported by...