- Monetary unit:
- the Country code:
- Jamaica, Republic
- Jamaican dollar
- a Kingston
- of 10 830 sq. km
- English (state), Creole
- JM (JAM) 388
Monetary unit of Jamaica is the Jamaican dollar which consists of 100 cents. In circulation there are notes in nominal value 50, 100, 500, 1000 and 5000 dollars. The international designation of the Jamaican dollar - JMD .
Notes in the Jamaican pounds, manufactured by private English and Canadian banks, have been declared for the first time by a lawful legal tender in territory of Jamaica in 1914; the Jamaican pound has been equal to pound sterling. Before monetary circulation consisted of English coins of denomination from a sovereign and more low and smaller coins in the pence minted specially for Jamaica. Since 1917 English paper token moneys became a lawful legal tender on Jamaica also.
To the beginning of 50th years issue of token moneys by the Canadian banks has been terminated, monetary tickets in the Jamaican pounds were manufactured by local authorities and English Barclays Bank, since 1953 issue has passed to monetary circulation Management, and since 1961 - to Bank of Jamaica. In 1950-1955 token moneys of the USA though they had no lawful payment force addressed. Since July 1955 till July, 1964 in circulation there were also the West India dollars manufactured by Management of monetary circulation British Caribbean territory.
Till 1969 a lawful legal tender there were English coins in limits to 2 pounds sterling in one payment. 8 September, 1969 transferring to a decimal monetary system is carried out and the new monetary unit - the Jamaican dollar (equal to half of the Jamaican pound) which gold content has been fixed IMF on September, 8th, 1969 in 1,06647 is entered
The Design of denominations basically is oriented on the plotting of places of interest and
Natural landscapes of the country. So, for example, on denominations drawings with bauxite mines, beaches are seated and
Hotels. The bank of Jamaica has presented the new note of 5000 dollars on September, 24th, 2009. On its face side Hugh Lawson Shirera's portrait (1923-2004), the prime minister of Jamaica with 1967 for 1972 is represented.
To carry out exchange it is possible at the airport, banks, hotels and exchange offices. Thus in exchange offices, as
The rule, 3 currencies are subject to an exchange only: the American dollars, the British pounds sterling and euro.
To carry out a domestic currency exchange, for US dollars, it is possible only at departure from the country at the airport. Thus
It is necessary to have the receipt which was issued at an initial exchange.
It is updated 05.2012