Following several flash sales during the previous week, the Bank of Jamaica (BOJ) injected US$90M into the local Forex Market. Consequently, the JMD regained some ‘footing’ against the major traded currencies. The JMD advanced by at least $1.28 against major traded currencies.
After seven years of expanding Mailpac through various infrastructural and technological enhancements, Norbrook leveraged its e-commerce expertise to establish Mailpac Local Limited – a separate e-commerce business serving local retailers that wanted to sell to Jamaican consumers. The company built its customer base by delivering goods bought on its website from local providers such as … Continued
Following the Bank of Jamaica’s (BOJ) intervention, the Forex market saw a bit of relief this week. The Central Bank injected US$90M into the market to alleviate the USD demand. The JMD closed at US$1: JA$141.21 this week, a $0.40 improvement week over week; the JMD also strengthened against the CA$ and British Pound.