The Jamaica Manufacturers and Exporters Association (JMEA) has commented on the slide in the value of the Jamaican dollar against the US dollar, urging the Bank of Jamaica to intervene.
President Richard Pandohie says he is hopeful that the BOJ will continue to use the strength of the Net International Reserves to ensure orderly behaviour in the foreign exchange market.
However, Economist Chris Stokes says while calls for the BOJ to intervene in the market intensify, it must be cautious in doing so.
On the foreign exchange market, the Jamaican dollar is trading at a new high of $154.74 to one US dollar.
comments powered by Disqus
All feeds
