Jamaica
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Clique para ouvir o texto completoCertainly! Here is the complete financial report of Jamaica translated into International English:
Complete Financial Report of Jamaica
Basic Information
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Country ISO Code: JM
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Official Language: English
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Language ISO Code: en
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Current Official Currency: Jamaican Dollar
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Currency ISO Code: JMD
Monetary History of Jamaica
Current Official Currency: Jamaican Dollar (JMD)
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ISO Code: JMD
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Currency Symbol: $ or J$ (the "J" distinguishes it from other dollar currencies)
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Singular Name: dollar
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Plural Name: dollars
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Subdivision: 1 dollar = 100 cents
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Fraction Name (singular): cent
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Fraction Name (plural): cents
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Date of Introduction: September 8, 1969
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Mint: Coins were initially minted by the British Royal Mint
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Issuing Authority: Bank of Jamaica
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Coin Denominations: Coins of 1, 5, 10, 20, and 25 cents; 1 and 5 dollars (cent coins have been progressively withdrawn from circulation, but cents remain in accounting)
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Banknote Denominations: 50, 100, 500, 1000, and 5000 dollars
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Status: Actively circulating currency
Historical and Economic Context
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Prior to 1969, the official currency was the Jamaican pound, which circulated from 1840 and was linked to the British pound sterling.
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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.
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The official changeover to the Jamaican dollar and decimal system occurred on September 8, 1969, known as "Changeover Day."
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Coins and banknotes were designed to reflect national identity, replacing images of Queen Elizabeth II with Jamaican national symbols.
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The Bank of Jamaica was granted exclusive rights to issue coins and banknotes starting in 1960.
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In 1994, a monetary restructuring introduced coins of 1, 10, and 25 cents and banknotes of 10, 20, 50, 100, and 500 dollars.
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The 20-dollar banknote was replaced by a coin in 2000, featuring the national hero Marcus Garvey.
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Currently, coins in circulation include 1, 10, 25 cents and 1, 5, 10, 20 dollars; banknotes include 50, 100, 500, 1000, and 5000 dollars.
Summary Table
| 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) |
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