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Bank of Jamaica Governor Richard Byles
Bank of Jamaica Governor Richard Byles has confirmed commecial banking services including access to cash were badly affected by Hurricane Melissa, while affirming that financial stability remains a top priority for the central bank.
The governor said, in a video statement, that the bank understands that more Jamaicans will be more reliant on cash in order to conduct their daily transactions in the aftermath of the Hurricane.
But, the Governor admitted that banks continue to face major challenges in the aftermath of the storm with staff displaced, lack of power and connectivity.
This, according to him, will affect the speed of resumption of normal banking services.
He revealed that the central bank has waived RTGS fees for more than 240,000 transactions.
The central bank chief also gave recovery levels for ATMs as at November 18: Hanover, 31-per cent, Trelawny 38-per cent, and St Elizabeth 42-per cent.
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