March 8, 2022 | Vision Newspaper |
Today Jamaica’s Minister of Finance Nigel Clarke updated Jamaicans on the Bank of Jamaica’s new 2022 bank notes.
The Finance Minister took to Twitter to release the following statement which he made following the opening of the 2022/2023 Budget Debate.
“While we continue to depend on physical cash there is a need to make cash transactions more efficient.
Technical studies have shown the need for the introduction of a currency denomination between the $1000 note and the $5000 note.
The Bank of Jamaica has advised that the introduction of a $2000 note would bring greater efficiency to the currency structure allowing cash transactions to be settled easier.
With the introduction of the $2000 note alongside the $1000 and $5000 notes persons will require fewer notes to settle transactions.
The new and upgraded banknotes will be available later this calendar year.”