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 0.005627
Selling rate
JMD0.007163
Jamaican Dollar (JMD)
Currency Details
Symbol: J$, $, or JA$
ISO Code: JMD
Subunits: 1 Jamaican Dollar = 100 cents
Banknotes and Coins
The Jamaican Dollar is available in both coins and banknotes:
Coins:
Coins are available in denominations of 1, 5, 10, and 25 cents, as well as 1, 5, 10, and 20 dollars.
Banknotes:
Current banknotes in circulation:
$50
$100
$500
$1000
$5000
History and Background
The Jamaican Dollar has been the official currency of Jamaica since 1969, replacing the Jamaican pound. It is managed and issued by the Bank of Jamaica.
Economic Significance
The JMD is crucial to Jamaica's economy, facilitating trade, investment, and daily transactions. Jamaica's economy is primarily driven by tourism, bauxite mining, agriculture, and services.
Usage and Exchange
The Jamaican Dollar is widely accepted across Jamaica for all transactions. For international visitors and expatriates, exchanging foreign currency for Jamaican Dollars can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Jamaican Dollar is not just a currency; it is a symbol of Jamaica's history, culture, and economic development. Understanding the JMD is essential for anyone engaging with Jamaica's economy, whether as a resident or a visitor. The stability and accessibility of the Jamaican Dollar play a significant role in the country's economic growth and prosperity.
Currency Details
Symbol: J$, $, or JA$
ISO Code: JMD
Subunits: 1 Jamaican Dollar = 100 cents
Banknotes and Coins
The Jamaican Dollar is available in both coins and banknotes:
Coins:
Coins are available in denominations of 1, 5, 10, and 25 cents, as well as 1, 5, 10, and 20 dollars.
Banknotes:
Current banknotes in circulation:
$50
$100
$500
$1000
$5000
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.