JMDJamaican DollarJamaican Dollar (JMD)
The Jamaican dollar is Jamaica's national currency and a Caribbean unit associated with tourism, services, trade and overseas remittances.
- ISO code
- JMD
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- The Bank of Jamaica issues the national currency and manages monetary and foreign-exchange policy under Jamaica's central-bank framework.
- Last reviewed
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Quick facts
JMD at a glance
Currency profile
How JMD works
The Jamaican dollar is Jamaica's national currency and a Caribbean unit associated with tourism, services, trade and overseas remittances.
The Bank of Jamaica issues the national currency and manages monetary and foreign-exchange policy under Jamaica's central-bank framework.
- JMD is divided into 100 cents and replaced the Jamaican pound when the country decimalized in 1969.
- The dollar name is shared by many countries, making JMD and the Jamaica label essential in conversion data.
Context
Why this currency matters
JMD reflects Jamaica's transition from the pound-shilling system to a decimal dollar and its continuing commercial ties with North America and the United Kingdom. Tourism and remittance flows make currency comparison common, while JMD prevents the local dollar from being confused with USD, CAD or other dollars.
Monetary framework
Exchange arrangement
The Bank of Jamaica issues the national currency and manages monetary and foreign-exchange policy under Jamaica's central-bank framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for JMD
Bank of Jamaica established
Jamaica created its central bank before independence and the later decimal currency reform.
Bank of Jamaica - historyJamaican dollar introduced
JMD replaced the Jamaican pound at two dollars for one pound.
Bank of Jamaica - historyNew banknote series entered circulation
The Bank of Jamaica introduced a redesigned polymer banknote family with updated denominations.
Bank of Jamaica - history
Usage and economy
How JMD is used
- Prices, wages, taxes and settlement throughout Jamaica.
- Caribbean and diaspora comparisons involving USD, CAD, GBP and BBD.
Banknotes and coins
JMD currency units
The Bank of Jamaica publishes current banknote denominations and information on the polymer series.
The Bank of Jamaica documents Jamaican dollar and cent circulation coins.
One Jamaican Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
JMD questions
What currency did JMD replace?
The Jamaican dollar replaced the Jamaican pound in 1969 at two dollars for one pound.
Why is JMD important to Jamaica's international economy?
Tourism, services, trade and diaspora remittances create frequent flows between JMD and major foreign currencies.
Is JMD the same as USD?
No. JMD is issued by the Bank of Jamaica and has its own value, while USD is the separate U.S. currency.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.