What Is a Jamaican Dollar Called?

What Is a Jamaican Dollar Called?

What Is a Jamaican Dollar Called?

The Jamaican dollar is called the Jamaican dollar and is often abbreviated as "J$" or "JMD" to differentiate it from other dollar currencies. The Jamaican dollar is the official currency of Jamaica. A Jamaican dollar is divided into 100 cents. Jamaica switched from British currency to decimal currency in 1969.

The banknotes of Jamaica are issued to the general public in denominations of $5,000, $1,000, $500, $100 and $50. Jamaican coins are issued in denominations of $20, $10, $5, $1, 25 cents, 10 cents and 1 cent. One JMD was the equivalent of 0.0089 United States dollars as of July 22, 2014 and is subject to currency fluctuations.