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Jamaican dollar remains fairly valued ? BOJ governor

Jamaica Gleaner / The Bank of Jamaica (BOJ) governor , Brian Wynter,  is insisting the Jamaican dollar remains fairly valued despite the currency hitting a US$130 to US$1 mark a week ago.

Last year, when the dollar was about J$120 to US$1, the Bank and the International Monetary Fund had insisted the Jamaican currency was fairly valued.

Wynter was questioned this morning about whether this was still the case.

However, he insisted that the dollar had only lost 4.4 per cent in value over the last year.

He said the movement was necessary to maintain competitiveness.

  BOJ Governor, Brian Wynter

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