Jamaican dollar devalued…Is it time to go home?
In the past few days a few friends mention that Jamaica is now looking better with the US dollar now worth $90. I have a feeling they will not be rushing home once they realize this recession is also affecting Jamaica. I was having the discussion with some relatives about the devaluation of the Jamaican dollar when they started to reminisce about a time when no one wanted US dollars. The Jamaica dollar was worth more than the US. It was amazing here this. The first time I remembered being aware of the exchange rate in Jamaica the dollar was 2-1. We have come quite a long way.