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:
Prime Minister Andrew Holness has revealed plans to include a consultative approach, involving community input,…
During the opening of the 2024/25 Sectoral Debate in the House of Representatives, Minister of…
West Indies T20 World Cup Squad: Rovman Powell (c)Alzarri Joseph (vc)Johnson CharlesRoston ChaseShimron HetmyerJason HolderShai…
Fifty key figures from various sectors within the horse racing industry, including jockeys, trainers, owners,…
Keith Duncan, Chairman of the Economic Programme Oversight Committee (EPOC), revealed that the GOJ revenue…
The People's National Party, PNP, politician, and land developer, who is a suspect in his…