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The Jamaican dollar (sign: $; code: JMD) has been the currency of Jamaica since 1969. It is often abbreviated to J$ , the J serving to distinguish it from other dollar-denominated currencies. It is divided into 100 cents , although cent denominations are no longer in use as of 2018.
Written by CFI Team. What is the Jamaican Dollar (JMD)? The Jamaican Dollar is the official currency of the Caribbean Sea nation of Jamaica, which was part of the British West Indies prior to becoming an independent country in 1962. The Jamaican dollar, designated as J$ or JA$, is divided into 100 cents.
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Jamaica, Bermuda, and the Bahamas preferred to use sterling accounts whereas British Guiana used dollar accounts. British Guiana used dollar accounts for the purpose of assisting in the transition from the Dutch guilder system of currency to the British pound sterling system.
- EC$5, EC$10, EC$20, EC$50, EC$100
- EC$
- 5, 10, 25 cents, EC$1
- Eastern Caribbean Central Bank
Jamaican Dollar to United States Dollar. Get the latest Jamaican Dollar to United States Dollar (JMD / USD) real-time quote, historical performance, charts, and other financial...
On January 30, 1968, the Jamaican House of Representatives voted to decimalize the currency by introducing the dollar, worth 10 shillings, to replace the pound. Coins and banknotes went into circulation on September 8, 1969. What's With The USD? Although the Jamaican Dollar is the legal tender of Jamaica, the US dollar is widely accepted. It is ...
Jul 24, 2022 · JMD is the abbreviation for the Jamaican dollar, the official currency for Jamaica. It is subdivided into 100 cents and has a symbol of J$ or JA$. It was the first dollar to be based on half-pound sterling instead of the Spanish or U.S. dollars. Learn more about its history, features, and exchange rate.
