Top 7 Jamaican & Caribbean News Stories You Missed The Week Ending August 17th, 2018


THIS WEEK’S TOP NEWS  STORIES

Jamaican and Caribbean weekly news stories

HOLNESS SAYS DEPRECIATION OF JAMAICAN DOLLAR “GROWING PAINS”
In response to the depreciation of the Jamaican dollar, Prime Minister Andrew Holness said that the activity represented “growing pains.” He also said that the depreciation indicated  “very poor fundamentals” in the national economy discovered by a review. Holness sought to eliminate any panic about the situation while saying he understood “from a psychological perspective” that Jamaica, which has valued its progress in terms of US dollars, experiences a devaluation of its currency with fear. Jamaica’s dollar has traded at $136.44 per US dollar recently, which represents a 12 percent depreciation, Holness noted.

COASTAL EROSION MONITORING…

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