Jam-Dex roll-out ongoing — BOJ
Bank of Jamaica advises that Jam-Dex roll-out is ongoing while it awaits amendments to the Bank of Jamaica Act.

THE Bank of Jamaica (BOJ) has advised that the phased roll-out of Jam-Dex, Jamaica’s central bank digital currency (CBDC), is ongoing.

BOJ said National Commercial Bank (NCB) is offering Jam-Dex through its digital wallet, Lynk.

However, BOJ deputy governor in charge of banking and currency operations and financial markets infrastructure divisions, Natalie Haynes, told the Jamaica Observer that the central bank cannot fully roll-out Jam-Dex until amendments to the Bank of Jamaica (BOJ) Act are passed by lawmakers.

In a release, BOJ said the amendment process is currently underway and is progressing.

With regards to NCB’s mobile wallet Lynk, the BOJ advised that consumers will be able to transact using Jam-Dex with another Lynk wallet holder at a date to be advised by NCB.

The amendments to BOJ Act will make CBDC legal tender and enshrine the central bank as the sole issuer.

Members of the public are therefore encouraged to sign up for access to a digital wallet which offers Jam-Dex. Other digital wallet providers are being assessed in the BOJ’s Fintech Regulatory Sandbox in preparation for distributing Jam-Dex later this year.

Jam-Dex, the digital form of Jamaica’s currency, is issued and backed by Bank of Jamaica and is safe, convenient and secure.

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 https://bit.ly/epaper-login


  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 Some comments may be republished on the website or in the newspaper; email addresses will not be published.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