On March 12, 2025, the US dollar traded at $157.61 in Jamaica, down eleven cents. The Canadian dollar rose to $109.91, while the British pound fell to $202.18. Additional news includes a call for business growth in the MSME sector and addressing truancy in schools.
On March 12, 2025, the exchange rate for the US dollar ended at $157.61, marking a decline of eleven cents as reported by the Bank of Jamaica. In related news, the Canadian dollar stood at $109.91, reflecting an increase from $109.67, while the British pound closed at $202.18, down from $205.52.
In other developments, Cayman Islands Department of Agriculture officials are keeping a close eye on avian influenza after new reports emerged. In Jamaica, sixty-year-old businessman Carl Ranglin was acquitted of violations pertaining to the Proceeds of Crime Act. Furthermore, Kingston’s Prime Minister Andrew Holness faced criticism over claims regarding the improvement of the Jamaican economy attributed to his government.
Moreover, a call has been made for micro, small, and medium-sized enterprises (MSMEs) in Jamaica to take advantage of the significant opportunities within government procurements. Senior Parish Judge Sanchia Burrell has emphasized the need for enhanced efforts to address student truancy in Jamaica, stating it remains a pressing concern. Overall, the Jamaican dollar’s fluctuations and continued economic discussions shape the current financial narrative.
The current exchange rate for the US dollar in Jamaica indicates a slight decrease while the Canadian dollar experienced an increase. Various news topics also highlight critical issues such as economic concerns, educational truancy, and the encouragement for local businesses to capitalize on government contracts. Furthermore, the importance of monitoring public health threats, such as avian influenza, remains paramount.
Original Source: www.jamaicaobserver.com
