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The Bank of Jamaica (BOJ) anticipates that the introduction of a Central Bank Digital Currency (CBDC), slated for 2022, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans. Governor, Richard Byles, said that the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar COVID-19 Allocation of Resources to Employees (CARE) Programme, highlights the need for the CBDC. âThe simple act of trying to get government support out to those who [were] most in need became very difficult, because many Jamaicans are not part of the financial network and also because a lot of the banking [arrangements are] still not digitised. I think that there is a greater need for financial inclusion and digitisation of the Jamaican economy, and that is one of the issues that we hope to rectify with the CBDC,â he said.
Social Share KINGSTON – The Bank of Jamaica (BOJ) said it anticipates that the introduction of a Central Bank Digital Currency (CBDC), scheduled for next year, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans. BOJ governor Dr. Richard Byles said the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar coronavirus (COVID-19) Allocation of Resources to Employees (CARE) programme, highlights the need for the CBDC. “The simple act of trying to get government support out to those who [were] most in need became very difficult because many Jamaicans are not part of the financial network and also because a lot of the banking [arrangements are] still not digitised,” he said.
Odometer rollback fraud on the rise in Tampa and across Florida Used cars are fraud targets for unsuspecting buyers According to Carfax, the number of rolled-back odometers in Florida jumped to 75,000, a 19 percent increase in 2020 compared to 2019. and last updated 2021-01-12 09:29:11-05 PASCO COUNTY, Fla. â According to Carfax, the number of rolled-back odometers in Florida jumped to 75,000, a 19 percent increase in 2020 compared to 2019. Carfax ranks Florida fifth in the nation when it comes to vehicles on the road with rolled-back odometers. Local Carfax reports 18,300 vehicles on the road with a rolled back odometer in the Tampa, St. Pete and Sarasota area, a 16% jump from the previous year.