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JMD (Jamaican Dollar)

What is 'JMD'

The currency abbreviation or the currency symbol for the Jamacian dollar (JMD), the currency for Jamaica. The currency is made up of 100 cents and is often presented with the symbol (J$) or (JA$). The Jamaican dollar was also formerly used in the Cayman Islands.

Explaining 'JMD'

The Jamaican dollar was first seen replacing the Jamaican pound in 1969. Both coins and notes were issued, but its value has fallen substantially since then, reaching new lows early in 2009. Many bills have been replaced by coins, and a $1000 note began circulating in 2000.


Further Reading


Foreign Currency Flows and the Jamaican Economy
link.springer.com [PDF]
… Jamaican dollars are translated to US dollars using a 127 JMD: 1 USD … by UNDP (S2 Appendix), with intent to engage high-level stakeholders across sectors (eg, politics, government, civil society, media) who were perceived as relevant to NCDs in the Jamaica context …

Foreign Exchange Intervention and Systematic Monetary Policy in Jamaica: Has there been any Unification?Foreign Exchange Intervention and Systematic Monetary Policy in Jamaica: Has there been any Unification?
papers.ssrn.com [PDF]
… Jamaican dollars are translated to US dollars using a 127 JMD: 1 USD … by UNDP (S2 Appendix), with intent to engage high-level stakeholders across sectors (eg, politics, government, civil society, media) who were perceived as relevant to NCDs in the Jamaica context …

Richer but fatter: the unintended consequences of microcredit financing on household health and expenditure in JamaicaRicher but fatter: the unintended consequences of microcredit financing on household health and expenditure in Jamaica
onlinelibrary.wiley.com [PDF]
… Jamaican dollars are translated to US dollars using a 127 JMD: 1 USD … by UNDP (S2 Appendix), with intent to engage high-level stakeholders across sectors (eg, politics, government, civil society, media) who were perceived as relevant to NCDs in the Jamaica context …

An econometric analysis of Jamaica's import demand function with the US and UKAn econometric analysis of Jamaica's import demand function with the US and UK
papers.ssrn.com [PDF]
… Jamaican dollars are translated to US dollars using a 127 JMD: 1 USD … by UNDP (S2 Appendix), with intent to engage high-level stakeholders across sectors (eg, politics, government, civil society, media) who were perceived as relevant to NCDs in the Jamaica context …



Q&A About JMD (Jamaican Dollar)


What was used before that time?

Before then, Jamaica used a different type of money.

How much does a note cost ?

A note costs $1 USD .

Is it made up of coins or notes ?

It's made up of both coins and notes .

How much does a coin cost ?

A coin costs $0.01 USD .

When did Jamaica start using its own currency?

Jamaica started using its own currency in 1969.

How many cents are there in one Jamaican dollar?

There are 1 cents in one Jamaican dollar.

What is the currency abbreviation for the Jamaican dollar?

The currency abbreviation or symbol for the Jamaican dollar (JMD) is .

What is the name of this currency?

The name of this currency is Jamaican dollar.

What does JMD stand for?

JMD stands for Jamacian Dollar.