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JMMB Boss says Jamaican dollar will continue to decline
Wednesday, March 18, 2009
Chief executive officer of the Jamaica Money Market Brokers, JMMB, Keith Duncan, says the Jamaican currency will continue to experience decline if production in the country is not boosted.
Duncan said the outlook now is for the Jamaican dollar to decline against its US counterpart. Duncan said although steps have been taken by the Bank of Jamaica to control the sliding dollar, there is still instability in the market.
Duncan said he expects the decline to continue but hope that it will be in an orderly way and not in the sharp drops experience in recent weeks.
JMMB Boss says Jamaican dollar will continue to decline
Wednesday, March 18, 2009
Chief executive officer of the Jamaica Money Market Brokers, JMMB, Keith Duncan, says the Jamaican currency will continue to experience decline if production in the country is not boosted.
Duncan said the outlook now is for the Jamaican dollar to decline against its US counterpart. Duncan said although steps have been taken by the Bank of Jamaica to control the sliding dollar, there is still instability in the market.
Duncan said he expects the decline to continue but hope that it will be in an orderly way and not in the sharp drops experience in recent weeks.
JMMB Boss says Jamaican dollar will continue to decline