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INVESTING IN
FOREIGN CURRENCY OR JAMAICAN CURRENCY Contributed
by Carlton Barclay
for the ICAJ Current Affairs Feature,
"Everybody's Business: ICAJ's Perspective"
The question as to whether or not
one should invest in foreign or Jamaican currency is being asked against the
background of a huge increase in demand for foreign currency over the past two
(2) years and what some economists describe as the "slow dollarisation of
the economy".
Demand for foreign currency has increased by
32% over the previous year with average foreign currency sales in US$ terms
increasing by $2.3 billion from $7.3 billion in 2004 to $9.6 billion in 2005.
Note that in 2003 the increase was only 9% moving from $6.7 billion to $7.3
billion in 2004 .... more>>
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Student Matters
