Letters to the Editor

What's going on with the dollar?

Tuesday, June 12, 2018

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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



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