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US$300m cap to back dollar next fiscal year

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  • #1

    US$300m cap to back dollar next fiscal year

    US$300m cap to back dollar next fiscal year



    Wednesday, February 10, 2010


    THE Government expects only three per cent devaluation of the Jamaican dollar during 2010/2011 but is only allowed US$300 million to back the local currency against the US dollar. The administration agreed to limit its intervention next year under a ...more
    "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."
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  • #2
    Any truth to the word that we ahve returned to the...

    ...days of foreign exchange rationing? ...banks getting daily quota on allowable amounts of foreign exchange they can sell?
    "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

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    • #3
      whoa...that would take us right back to the late seventies...not a positive step AT ALL!!!

      Infidelity does not consist in believing, or in disbelieving; it consists in professing to believe what he does not believe. Thomas Paine

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