Certainly! Here is the complete financial report of Jamaica translated into International English:
Country ISO Code: JM
Official Language: English
Language ISO Code: en
Current Official Currency: Jamaican Dollar
Currency ISO Code: JMD
ISO Code: JMD
Currency Symbol: $ or J$ (the "J" distinguishes it from other dollar currencies)
Singular Name: dollar
Plural Name: dollars
Subdivision: 1 dollar = 100 cents
Fraction Name (singular): cent
Fraction Name (plural): cents
Date of Introduction: September 8, 1969
Mint: Coins were initially minted by the British Royal Mint
Issuing Authority: Bank of Jamaica
Coin Denominations: Coins of 1, 5, 10, 20, and 25 cents; 1 and 5 dollars (cent coins have been progressively withdrawn from circulation, but cents remain in accounting)
Banknote Denominations: 50, 100, 500, 1000, and 5000 dollars
Status: Actively circulating currency
Prior to 1969, the official currency was the Jamaican pound, which circulated from 1840 and was linked to the British pound sterling.
On January 30, 1968, the Jamaican House of Representatives unanimously approved the move to a decimal system, adopting the dollar as the main unit, worth 10 shillings of the old pound.
The official changeover to the Jamaican dollar and decimal system occurred on September 8, 1969, known as "Changeover Day."
Coins and banknotes were designed to reflect national identity, replacing images of Queen Elizabeth II with Jamaican national symbols.
The Bank of Jamaica was granted exclusive rights to issue coins and banknotes starting in 1960.
In 1994, a monetary restructuring introduced coins of 1, 10, and 25 cents and banknotes of 10, 20, 50, 100, and 500 dollars.
The 20-dollar banknote was replaced by a coin in 2000, featuring the national hero Marcus Garvey.
Currently, coins in circulation include 1, 10, 25 cents and 1, 5, 10, 20 dollars; banknotes include 50, 100, 500, 1000, and 5000 dollars.
Currency | ISO Code | Date of Introduction | Current Status | Subdivision | Issuing Authority |
---|---|---|---|---|---|
Jamaican Dollar | JMD | September 8, 1969 | In circulation | 1 dollar = 100 cents | Bank of Jamaica |
Jamaican Pound (former) | - | 1840 to 1969 | Out of circulation | 1 pound = 20 shillings | Bank of England (pre-independence) |