J$106.34 to one US dollar

[Mosiah]

Hmmm, Sass, looks like Dennis Chung also thinks the IMF is c

the shots! Maybe Don1 was onto something?!?

My own view is that with the fiscal adjustments, which we were forced to do under the IMF agreement and that Finance Minister Peter Phillips and his team have been seeing through...

[Sir X]

Portia will say because di JLP doesnt know how to give it like the PNP.

Hypercrytes.

[myYout]

Yuh ah idiot (nuh watch nutten ah jus di chat. haffi mek sure yuh nuh tek it di wrong way) dis last time dem did inna dis ting, ah bout 1400% di dollah devalue by. Di great PJ ah joke ting.
A country/island growth hinge pan di stabilization ah dem currency, if mi as a gully man know dat deh rationale, Wha seh bout dem telligent edimicated people an dem super edimicated supportahs dem. Spade haffi call out, an dem nah deal wid ah ting weh dis dollah is concerned. A weh him name Hero Peter ongle know fi sell wi out inna memorandum, now him need fi defen di dollah an is a Alice in wonderlan down pan him.

[Mosiah]

Snicker

[Lazie]

I recall the dollar being stable at 86 for about 2 years. Of course that wasn't good enough so of course hypocrites like Don1 will justify the current rate. Dis is what the ppl want.

[Mosiah]

Yeah, One Turd would have kept it at 86!

[Don1]

The bitter medicine which caused Portia to lash out and claim that 'poor people cya'an tek anymore'?

Nope..dat ah political medicine.... di Bitta Medicine start lately afta election...as predicted by Baby Bruce

[Don1]

The IMF sets targets and in many cases "advises" or "directs" the Govt how to achieve them. If the IMF is not satisfied then IMF/World Bank/IADB and also private financing will be unavailable.... that amounts to effective control of policy.
However the GOJ still has political responsibility for everything.

[Don1]

The cost of that "stability" was One Turd's samfie by increasing foreign debt frontloaded to him by US$5Billion ... without implementing necessary structural reforms recommended by the IMF. That led to a failed IMF program and much time wasted which... Termites had to correct under much stricter terms from the IMF

You need to learn basic economic policy analysis...I would say go back to school, but your deficiency is more tribal than educational

[Karl]

I guess Dennis Chung is saying look outwards for job creation, reduction of underemployment and unemployment, ect., etc!=tek weh wi (outside sources) moni! The mantra long preached by mi.

...an mi neva tink she dat waus ard fi si as -
a) Wi market suh-mall;

b) Dere his dis tremendous need fi fah-rin hex-change (ebryting wi need fi lib..Ho-Kay jus ha-bout ebryting - ah him-port or sum component affi him-port;

c) Wi population a grow by leaps and bounds beyond the capacity of present job market growth to cope;

d) Rate of innah di job market relative high;

e) New numba dem ave entrants to di job market year ova year jus a grow han graw han grow...

Well even tourism a part a di tek weh wi moni moves! nuh suh-mile up wi suh-mile wid faari-nah dem an tek weh dem moni? A suh di ting set wi suh-maal suh wi market suh-maal bad! ...di real market (dem) hout deh!!!

[Don1]

the shots! Maybe Don1 was onto something?!?

The fact that the IMF is calling the shots and the GOJ is following should be clear to any thinking observer...unfortunately most observers are incapable of clear thinking

Chungie's article is simple but brilliant (not surprising considering the school background )... and it deserves full play

Fortunately we have Our Peeps in the key economic positions (even after Lati was removed from BOJ) ... Minister of Fine Ants, Chairman of the Economic Program Oversight Committee, Chairman of the Energy Oversight Committee... and even Head of the IMF Caribbean Division responsible for Jamaica's program

Nuh fret Jamaica... You're in Good Hands.... wooooiiieeee

[Me]

What is the benefit to Jamaica of these most recent "market" determined increases to the Jamaican economy?

When it was fixed there was an FX underground market, and now we have a "legit market of our final institutions and companies taking all the US dollars for them self and continuing this cycle that is not benefiting anyone in the country.

Fix the route problems yes, but this current float, that only seems to go up, only hurts.

[Lazie]

Yeah, One Turd would have kept it at 86!

Sometimes it is better that you keep quiet Mosiah. The fact is it was stable at 86, I guess it heading to 107 is seen as progress. Politicians isn't Jamaica's problem, it is unthinking people that elect the idiots that have no clue.

[Lazie]

The cost of that "stability" was One Turd's samfie by increasing foreign debt frontloaded to him by US$5Billion ... without implementing necessary structural reforms recommended by the IMF. That led to a failed IMF program and much time wasted which... Termites had to correct under much stricter terms from the IMF

You need to learn basic economic policy analysis...I would say go back to school, but your deficiency is more tribal than educational

... and even though there was a standoff with the IMF the dollar remained stable. That is your problem, I guess because you had the misfortune of growing up in a PNP household you cannot give credit. No wonder clowns like you come out trying to justify the continued devalue of the dollar. You PNP people are a different breed.

[Don1]

Yuteman the "dollar remained stable" because the FX reserves were boosted by US$5Billion in new debt in a mere 3 years (boosting foreign DEBT 60%!!!) so the inevitable FX rate adjustment was merely postponed...
That type of MASSIVE borrowing is not available today except under IMF conditionalities & IMF direction... Jamaica reached the end of that reckless borrowing road under One Turd and now has to face reality i.e. Bitta Medicine


Your ignorance is comprehensive...but doan tap yappin atall ...juss gwaan pray fi election come soon