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Jamaican dollar to lose more value - Analysts

Jamaican currency - Photo.
Analysts are predicting that the Jamaican dollar will continue to lose value against the US dollar over the next few months.

At the close of trade yesterday, the selling rate for the US dollar inched closer to the J$87.00 mark settling at $86.98.

The selling rate for US$1.00 was J$86.98.

Financial analyst, Dennis Chung said he is not surprised by the continued slide of the Jamaican dollar.

However, Economist, Dr. Davidson Dawey, said he expects the value of the Jamaican dollar to one US dollar could reach $89.00 over the next few months.

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Comment by Vinny Pat on February 29, 2012 at 4:47pm

need more info here...why is this hapenning? Also, what is the JA Goverment going to do?

Comment by Colette.M on February 29, 2012 at 3:00pm
If I understand correctly then JA natives working on the US r rich by the time they retire n decide to go home..
Comment by Gerard Bryan on February 29, 2012 at 2:21pm
Any country or island that in financial straits and borrow money from the IMF the Country will have to devalue there dollar in order to stablize the problems of the country, government have to pay its employers & take care of the poor or folks pension & let not forget that money have to be payed back , or your dollar will fall even for further.ps s*** getting tuff all over .
Comment by TOPHER on February 29, 2012 at 1:56pm

This is crazy...not even two months...aand this is the result...The Labour government took charge and kept the dollar stable for the last 4 yrs now look at this SH**!!! y are we so blind and ignorant this is driving me crazy. This  happens all the time check the history! And we never seem to remember the things tht MATTERS! PORTIA and her colleges are nuh ready fi dis!!!!!!!!!!

 

Comment by Boots on February 29, 2012 at 1:34pm

The island is getting more poor. What did I predict?

Here's another thing to focus on instead of them gays.

Comment by paul on February 29, 2012 at 1:22pm
I agree with u yes papa I predicted that this was gonna happen from day one Jamaican people has short memory and this is only the beginning
Comment by YES PAPA!! on February 29, 2012 at 12:23pm

JAMAICANS ARE SOME OF THE MOST IGNORANT PEOPLE ON EARTH, THEY VOTED OUT A GOVERNMENT WHO WAS DOING GOOD AND PUT IN ANOTHER WHO HAD WRECK JAMAICA IN THE PAST 18 YEARS. HOW MUCH MORE IGNORANT AND FOOLISH CAN THAT GET!!!!!!!!!!

Comment by kk on February 29, 2012 at 12:17pm

YEA BUT WHAT ARE THE SOLUTIONS? WHERE ARE THE SOLUTIONS..WE ARE GONNA WAIT UNTIL OUR EXCHANGE RATE REACHES NIGERIA'S?

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