The Bank of Jamaica (BOJ) is reporting that pilot implementation of a local Central Bank Digital Currency (CBDC), which commenced in June, remains on schedule. This includes minting of Jamaica’s first batch of CBDC on August 9, totalling $230 million, which will be issued to deposit-taking institutions and authorised payment service providers. Speaking during the BOJ’s digital quarterly briefing on...

Tax Administration Jamaica (TAJ) is advising that consequent on the recent announcement of the new COVID-19 measures announced by the Honourable Prime Minister last evening, it will adjust several aspects of its operations beginning today Friday, August 20, 2021. This Friday, August 20 and Friday, August 27, 2021, all Tax and business offices will close to the public at 2:00...

In light of the recent announcement by the Government, Bank of Jamaica will not be offering teller services to the public on the following days:  Monday, 23 August 2021  Tuesday, 24 August 2021  Monday, 30 August 2021  Tuesday, 31 August 2021 Bank of Jamaica regrets any inconvenience that these temporary changes may cause and encourages all...

Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) unchanged at 0.50 per cent per annum. The Bank also decided to consider commencing a tightening of monetary policy at the next meeting of the Bank’s Monetary Policy Committee (the Committee/MPC) in September 2021 and to...

The Ministry of Finance and Public Service hosted its inaugural Wealth Summit on Wednesday (August 18), with a strong line up of presenters from both the public and private sector. The quarterly summit was the first in a series and delivered a wealth of information to persons who watched the programme on the social media pages of the Ministry of...

Tax Administration Jamaica (TAJ) wishes to advise that the Annotto Bay Tax Office, located in the parish of St. Mary as well as the Cross Roads Tax Office are set to reopen to the public on Thursday, August 19, following work carried out in the aftermath of Tropical Storm Grace. Additionally, the Port Antonio and Port Maria Tax Offices were...

Tax Administration Jamaica (TAJ) wishes to advise its customers and staff that following early assessments, some Tax Offices are to remain closed or have delayed opening today in the aftermath of Tropical Storm Grace. The Tax Offices located in the parishes of Portland and St. Mary, as well as the Cross Roads Tax Office will remain closed to the public....