


BGN information
About Jamaican Dollar (JMD)
The Jamaican Dollar (JMD), introduced in 1969, is not just the currency of Jamaica; it symbolizes the nation's post-independence economic journey and cultural identity. It is commonly abbreviated as JMD and represented by the symbol $.
Historical Background
The Jamaican Dollar was introduced on January 30, 1969, replacing the Jamaican Pound, as Jamaica moved towards decimalization following its independence from Britain in 1962. This shift was a crucial step in asserting Jamaica's economic sovereignty and a departure from its colonial past.
Design and Symbolism
The design of the Jamaican Dollar is a celebration of the nation's rich history and cultural diversity. Banknotes and coins are adorned with portraits of national heroes, such as Marcus Garvey and Nanny of the Maroons, and depict iconic landmarks and scenes representing Jamaica’s natural beauty, such as Dunn's River Falls. These designs serve as a daily reminder of Jamaica’s proud heritage and natural wonders.
Economic Role
The Jamaican Dollar is central to the island's economy, characterized by its tourism sector, bauxite/alumina exports, and agriculture. As the primary medium of exchange, the Jamaican Dollar facilitates trade and commerce, playing a critical role in the economic activities of the nation.
Monetary Policy and Inflation
Managed by the Bank of Jamaica, the Jamaican Dollar has faced challenges such as inflation and devaluation. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster sustainable economic growth. These measures are crucial for maintaining the confidence of both domestic and international investors.
International Trade and the Jamaican Dollar
The Jamaican Dollar's exchange rate plays a significant role in international trade, particularly for Jamaica's key exports and the tourism industry. A stable and competitive exchange rate is essential for maintaining the attractiveness of Jamaican exports and the tourism sector.
Remittances and Economic Impact
Remittances from Jamaicans living abroad, particularly in the United States, United Kingdom, and Canada, are a significant source of foreign income. These funds, converted into Jamaican Dollars, support many families and contribute to the national economy.
HBARX to BGN conversion rate trend
HBARX to BGN market statistics
More info about HBARX on Bitget
Current HBARX to BGN exchange rate
HBARX to Jamaican Dollar is rising this week.HBARX to BGN Conversion tables
The exchange rate of HBARX is decreasing.HBARX to BGN
BGN to HBARX
HBARX to BGN Today vs. 24 hours ago
Amount | 13:22 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 HBARX | лв0.1812 | лв0.1865 | -2.87% |
1 HBARX | лв0.3623 | лв0.3731 | -2.87% |
5 HBARX | лв1.81 | лв1.87 | -2.87% |
10 HBARX | лв3.62 | лв3.73 | -2.87% |
50 HBARX | лв18.12 | лв18.65 | -2.87% |
100 HBARX | лв36.23 | лв37.31 | -2.87% |
500 HBARX | лв181.15 | лв186.53 | -2.87% |
1000 HBARX | лв362.3 | лв373.07 | -2.87% |
HBARX to BGN Today vs. 1 month ago
Amount | 13:22 today | 1 month ago | 1M change |
---|---|---|---|
0.5 HBARX | лв0.1812 | лв0.2161 | -16.09% |
1 HBARX | лв0.3623 | лв0.4321 | -16.09% |
5 HBARX | лв1.81 | лв2.16 | -16.09% |
10 HBARX | лв3.62 | лв4.32 | -16.09% |
50 HBARX | лв18.12 | лв21.61 | -16.09% |
100 HBARX | лв36.23 | лв43.21 | -16.09% |
500 HBARX | лв181.15 | лв216.06 | -16.09% |
1000 HBARX | лв362.3 | лв432.13 | -16.09% |
HBARX to BGN Today vs. 1 year ago
Amount | 13:22 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 HBARX | лв0.1812 | лв0.08446 | +113.32% |
1 HBARX | лв0.3623 | лв0.1689 | +113.32% |
5 HBARX | лв1.81 | лв0.8446 | +113.32% |
10 HBARX | лв3.62 | лв1.69 | +113.32% |
50 HBARX | лв18.12 | лв8.45 | +113.32% |
100 HBARX | лв36.23 | лв16.89 | +113.32% |
500 HBARX | лв181.15 | лв84.46 | +113.32% |
1000 HBARX | лв362.3 | лв168.92 | +113.32% |
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