The Jamaican dollar slipped to its lowest ever trading, at 155 to one (1) US dollar. The depreciation of the dollar has many concerned about the current state of the economy.
The drop has left Opposition Spokesman on Finance Julian Robinson is urging the Government to incentivise various industries, such as the Manufacturing and Agriculture industries.
Robinson says this will alleviate the rising prices and bring some semblance stability to the ever sliding Jamaican dollar.
Robinson also believes that with the depreciation, the realities of thousands of Jamaicans could worsen with the difficulty to afford goods and services paired with the economic fallout caused by the covid crisis.
More in this CVM Live story from Christeen Forbes:
