The Jamaican
Dollar is the official currency in Jamaica.
1 Jamaican Dollar (JMD) = 100 cents
Notes
are in denominations of JMD $50, 100, 500, 1000.
Coins
are in denominations of JMD 1, 2, 5, 10 and 20. Also 10 and 25 cents.
Currency exchange
Money can be exchanged at the airport as well as at hotels, banks
and bureaux de change. Receipts must be retained, as exchanging
money on the black market is illegal.
There are ATM's all over Jamaica.
Credit
& debit cards
Diners Club, American Express, MasterCard and Visa are all widely
accepted. Please check with your credit or debit card company for
details of merchant acceptability and other services which may be
available.
Travellers cheques
To avoid additional exchange rate
charges, travellers are advised to take travellers cheques in United
States Dollars.
Exchange rate
indicators
The following figures should be perceived as a guide to the movements
of the Jamaica Dollar against the US Dollar and UK Pounds Sterling:
Date
Nov’07
UK
£1.00=
149.92
US
$1.00=
63.88
Currency restrictions
The import and export of local currency is prohibited,
that of foreign currency is unrestricted, however subject to declaration.
Banking hours
Banks are generally open Monday to Thursday from 9.00 am to 2.00
pm, Friday 9.00 am to 12.00 pm and 2.30 am to 5.00 pm.
