What's going on with the dollar?

Tuesday, June 12, 2018

Print this page Email A Friend!


Dear Editor,

A family member of mine wanted to exchange some currency with me the other day. He was charging me $135 for US$1. I refused and asked if he had bumped his head.

Later on, at a bank, I was shocked to see the rate in the region of $130 to US$1.

Minister of Finance Dr Nigel Clarke needs to explain to the people of Jamaica why the dollar is sliding, despite the fact that he and other members of his Government have been telling us every day how strong the Jamaican economy is.

If it is that businesspeople and investors are confident about Jamaica's future, and we are doing so well with a lot of foreign exchange in the country's coffers, why then is the dollar sliding at such a rate?

If this continues, prices will rise and things will get harder for many more people.

I don't believe I am panicking, but something just doesn't seem right at all. We need to know what is going on.

Althea Thompson

Manchester

altheabestest@gmail.com

ADVERTISEMENT




POST A COMMENT

HOUSE RULES

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 Some comments may be republished on the website or in the newspaper � email addresses will not be published.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: advertising@jamaicaobserver.com.

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

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



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT