BoJ ceases exchange of Bermuda dollar

Latest News

BoJ ceases exchange of Bermuda dollar

Friday, August 23, 2019

Print this page Email A Friend!

KINGSTON, Jamaica — The Bank of Jamaica(BoJ) says thateffective Monday, August 26 2019,it will no longer offer the services ofexchangingtheBermudadollar.

According to the BoJ, the decision has been taken in acontextwhere the bank has been unable to repatriatethisparticularforeign currency. In that regard,after giving value for the Bermudadollarto the publicat our banking counter,the bank cannotobtain value in return, the central bank explained in a statement today.

Given thisdevelopment,the onlyrecourse at this time is tocease accepting the Bermuda dollar, the BoJ stated, adding that the central bank views the exchange of foreign currencies as a public good, and after acceptingtheBermudadollar at its banking counter in exchange for Jamaica dollarsover the years,it regretted anyinconvenience caused by the decision.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon