Includes how foreign exchange is managed and implications for U.S. business.
Last Published: 7/6/2017
Since liberalization of the financial and capital accounts in the 1990s, foreign exchange controls have been removed, but the BOJ still regulates activities in the foreign exchange market. Per Jamaica’s IMF Stand-By Arrangement signed in November 2016, the government of Jamaica is moving towards a more market-based exchange rate. Foreign currency can be accessed through a network of authorized foreign exchange dealers, cambios, and bureaux de change at market-determined rates.

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