May 1961, terminating the Currency Board System which had been in existence from 1939. The Central Bank stands at the center of the local standard bank forex rate of exchange system and is charged with the responsibility to promote and maintain financial system stability. To achieve this objective, the Bank supervises the activities of deposit-taking entities.
In addition, the Bank seeks to promote the development of the local financial markets, and regulates and supports the major clearing and settlement systems. The Foreign Exchange section provides current and historical information on the movements of major currencies in relation to the Jamaican dollar. The section also provides powerful search techniques for users to manipulate the data and generate customize reports. Under the Bank of Jamaica Act, the central bank has sole authority for the issue of notes and coins used in Jamaica.
The Bank of Jamaica publishes in the daily newspaper each quarter, balance sheet data for commercial banks, building societies and licensees under the Financial Institutions Act . Such financial data is based on unaudited prudential returns submitted by the licensees to the Bank of Jamaica which are required to be certified by the licensee ‘s management as reflecting a true and fair representation of the affairs and condition of the institution at the reporting date. The Bank of Jamaica is committed to providing information on its activities on a timely and continuous basis. In this regard, this section is designed to provide access to all major releases compiled by the Bank of Jamaica. The Bank of Jamaica publications are aimed at providing quality economic and financial analysis and information on Jamaica as well as timely updates on matters relating directly to the functions of the Bank. Live Exchange Rates These are live exchange rates. They are refreshed every time you hit refresh and they are updated by the second.
Taheri Exchange is happy to provide foreign currency services. Taheri Exchange reserves the right to pay by cash, check, draft, wire, electronic funds transfer, and in any denomination at its sole discretion. If you would like a specific payment type or denomination, this may affect the rate offered to you. Please let us know and we will offer you a specific rate in such a case. Quick Enquiry Compare exchange rates before any conversion. Get a live quote 7 days a week.
Taheri Exchange 2018 – All Rights Reserved. This website is operated by IFCMARKETS. Forex Market is a decentralized global market where all the world’s currencies are traded against each other, and traders make a profit or loss from the currencies’ value changes. Forex Market is also known as Foreign Exchange Market, FX or Currency Trading Market. History of Forex Market The history of Forex market is marked by two particular events which put a deep stamp on its formation and development.