Currency Rate
Jamaican Dollar to USD
Our Currency Rate JMD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the JMD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
JMD 0.005641
Selling rate
JMD0.007181
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The Jamaican dollar (symbol: $; code: JMD) is the official currency of Jamaica.
Currency Details
- Country code JM
- Symbol JMD
- ISO Code JMD
- Subunits 1 Dollar = 100 Cents
Coins
- 1 cent
- 10 cents
- 25 cents
- 1 dollar
- 5 dollars
- 10 dollars
- 20 dollars
Banknotes
- 50 dollars
- 100 dollars
- 500 dollars
- 1000 dollars
- 5000 dollars
Jamaican Dollar (JMD)
History and Background
The Jamaican Dollar has been the official currency of Jamaica since 1969, replacing the Jamaican pound. It is managed and issued by the Bank of Jamaica.
Economic Significance
The JMD is crucial to Jamaica's economy, facilitating trade, investment, and daily transactions. Jamaica's economy is primarily driven by tourism, bauxite mining, agriculture, and services.
Usage and Exchange
The Jamaican Dollar is widely accepted across Jamaica for all transactions. For international visitors and expatriates, exchanging foreign currency for Jamaican Dollars can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Jamaican Dollar is not just a currency; it is a symbol of Jamaica's history, culture, and economic development. Understanding the JMD is essential for anyone engaging with Jamaica's economy, whether as a resident or a visitor. The stability and accessibility of the Jamaican Dollar play a significant role in the country's economic growth and prosperity.
History and Background
The Jamaican Dollar has been the official currency of Jamaica since 1969, replacing the Jamaican pound. It is managed and issued by the Bank of Jamaica.
Economic Significance
The JMD is crucial to Jamaica's economy, facilitating trade, investment, and daily transactions. Jamaica's economy is primarily driven by tourism, bauxite mining, agriculture, and services.
Usage and Exchange
The Jamaican Dollar is widely accepted across Jamaica for all transactions. For international visitors and expatriates, exchanging foreign currency for Jamaican Dollars can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Jamaican Dollar is not just a currency; it is a symbol of Jamaica's history, culture, and economic development. Understanding the JMD is essential for anyone engaging with Jamaica's economy, whether as a resident or a visitor. The stability and accessibility of the Jamaican Dollar play a significant role in the country's economic growth and prosperity.