Byles says signs of incremental improvement in economy emerging
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Byles says signs of incremental improvement in economy emerging
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
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The Jamaica dollar slid to its weakest level during April further widening the slide since the COVID-19 pandemic lockdowns started last year.
The dollar closed at $154.31 on the final trading day of April on Friday from $146.86 at the start of April.
The dollar hit its weakest level on April 27 2021, closing at $154.82 but slightly increased in value to close the month.
Over 12 months, the dollar slid 14.5 per cent since April 1, 2020, when it traded at $134.71.
That reflects the timeline that national curfews and work-from-home mandates began to stem the spread of the coronavirus.
The Bank of Jamaica (BOJ) insists that less emphasis should be placed on currency movements and more on the price movements of goods and services in the economy reflected as inflation.