# Jamaican dollar

> currency of Jamaica

**Wikidata**: [Q209792](https://www.wikidata.org/wiki/Q209792)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Jamaican_dollar)  
**Source**: https://4ort.xyz/entity/jamaican-dollar

## Summary
The Jamaican dollar (JMD) is the official currency of Jamaica, introduced on September 8, 1969, replacing the Jamaican pound. It is managed by the Bank of Jamaica and is denoted by the symbol J$ and ISO code JMD.

## Key Facts
- **Currency Name**: Jamaican dollar
- **ISO 4217 Code**: JMD
- **Symbol**: J$
- **Aliases**: JMD, J$, $, Jay, Libra jamaicana, Dólar jamaicano, Dolar jamaicano, Dolar jamaiquino, Dollar jamaïquain, Dollar jamaicain, Dollar de la Jamaïque, ジャマイカドル, Валюта Ямайки, доллар, Dólar da Jamaica
- **Country**: Jamaica
- **Start Date**: September 8, 1969
- **Predecessor Currency**: Jamaican pound
- **Issuer**: Bank of Jamaica
- **Instance of**: Currency, Dollar
- **Conversion to USD (2018)**: 1 JMD ≈ 0.0067 USD (approx. rate)
- **Conversion to EUR (2020)**: 1 JMD ≈ 0.0056 EUR (approx. rate)
- **Wikipedia Title**: Jamaican dollar
- **Wikipedia Languages**: 49 language versions including ar, arz, ast, az, be, bg, bpy, ca, de, el, en, es, fr, hi, hr, it, ja, ko, nl, pl, pt, ru, zh, and others
- **Commons Category**: Money of Jamaica
- **QUDT Unit ID**: CCY_JMD
- **QUDT Dimension ID**: A0E0L0I0M0H0T0D1
- **Wolfram Language Unit Code**: JamaicanDollars
- **Freebase ID**: /m/04xc2m
- **Permanent Duplicate Item**: Q23016567
- **Permid**: 500185
- **Gran Enciclopèdia Catalana ID**: dolar-15
- **Great Russian Encyclopedia Portal ID**: iamaiskii-dollar-e018d6
- **Sitelink Count**: 49

## FAQs

**What is the Jamaican dollar?**  
The Jamaican dollar (JMD) is the official currency of Jamaica, introduced on September 8, 1969, and managed by the Bank of Jamaica. It replaced the Jamaican pound and is denoted by the symbol J$.

**When was the Jamaican dollar introduced?**  
The Jamaican dollar was introduced on September 8, 1969, succeeding the Jamaican pound as the official currency of Jamaica.

**Who issues the Jamaican dollar?**  
The Jamaican dollar is issued and regulated by the Bank of Jamaica, the central bank of Jamaica.

**What was the currency used in Jamaica before the Jamaican dollar?**  
Before the Jamaican dollar, the Jamaican pound was the official currency, used from 1840 until 1969.

**What is the ISO code for the Jamaican dollar?**  
The ISO 4217 code for the Jamaican dollar is JMD.

**What are the common symbols and aliases for the Jamaican dollar?**  
The symbol for the Jamaican dollar is J$, and it is also known by aliases such as Jay, Libra jamaicana, and Dólar jamaicano.

**What is the conversion rate of the Jamaican dollar to the US dollar?**  
As of 2018, the approximate conversion rate was 1 JMD = 0.0067 USD.

**What is the conversion rate of the Jamaican dollar to the euro?**  
As of August 27, 2020, the conversion rate was approximately 0.0056 EUR per Jamaican dollar.

**What is the significance of the Bank of Jamaica in relation to the Jamaican dollar?**  
The Bank of Jamaica is the central bank responsible for issuing and regulating the Jamaican dollar, maintaining its value and stability.

**What languages recognize the Jamaican dollar in Wikipedia?**  
The Jamaican dollar has a dedicated Wikipedia article in 49 different languages, including Spanish, French, Russian, Chinese, and others.

**What is the QUDT unit ID for the Jamaican dollar?**  
The QUDT unit ID for the Jamaican dollar is CCY_JMD.

**What is the QUDT dimension ID for the Jamaican dollar?**  
The QUDT dimension ID for the Jamaican dollar is A0E0L0I0M0H0T0D1.

**What is the Wolfram Language Unit Code for the Jamaican dollar?**  
The Wolfram Language Unit Code for the Jamaican dollar is "JamaicanDollars".

**What is the Freebase ID for the Jamaican dollar?**  
The Freebase ID for the Jamaican dollar is /m/04xc2m.

**What is the Gran Enciclopèdia Catalana ID for the Jamaican dollar?**  
The Gran Enciclopèdia Catalana ID for the Jamaican dollar is dolar-15.

**What is the Great Russian Encyclopedia Portal ID for the Jamaican dollar?**  
The Great Russian Encyclopedia Portal ID for the Jamaican dollar is iamaiskii-dollar-e018d6.

**What is the permanent duplicate item for the Jamaican dollar?**  
The permanent duplicate item for the Jamaican dollar is Q23016567.

**What is the permID for the Jamaican dollar?**  
The permID for the Jamaican dollar is 500185.

## Why It Matters
The Jamaican dollar is significant as the official currency of Jamaica, playing a central role in the country's economy and financial system. It replaced the Jamaican pound in 1969, marking a shift in national monetary policy and economic independence. The currency is managed by the Bank of Jamaica, which ensures its stability and regulates its use. As a unit of exchange, it supports trade, savings, and investment within the country. The Jamaican dollar also reflects the economic sovereignty of Jamaica, allowing the nation to control its own fiscal policies and reduce dependency on foreign currencies. Its introduction was a key moment in Jamaica's post-independence economic development, aligning with the country's broader goals of self-sufficiency and modernization.

## Notable For
- **Official Currency of Jamaica**: The Jamaican dollar is the legal tender of Jamaica, replacing the Jamaican pound in 1969.
- **Issued by the Bank of Jamaica**: The currency is regulated and issued by the Bank of Jamaica, ensuring its stability and legal status.
- **ISO 4217 Code JMD**: The Jamaican dollar is internationally recognized by the code JMD.
- **Symbol J$**: The currency symbol is J$, widely used in financial transactions.
- **Widespread Language Coverage**: The Jamaican dollar has dedicated articles in 49 different language versions of Wikipedia.
- **Historical Transition**: The currency transitioned from the Jamaican pound in 1969, marking a significant economic shift.
- **Conversion Rates**: The Jamaican dollar has established conversion rates to major global currencies like USD and EUR.
- **QUDT IDs**: The Jamaican dollar is recognized by QUDT with unit ID CCY_JMD and dimension ID A0E0L0I0M0H0T0D1.
- **Wolfram Language Unit Code**: The Wolfram Language Unit Code for the Jamaican dollar is "JamaicanDollars".
- **Freebase ID**: The Jamaican dollar is identified by Freebase ID /m/04xc2m.
- **Permid**: The permID for the Jamaican dollar is 500185.
- **Gran Enciclopèdia Catalana ID**: The currency is identified by the ID dolar-15.
- **Great Russian Encyclopedia Portal ID**: The currency is identified by the ID iamaiskii-dollar-e018d6.
- **Permanent Duplicate Item**: The Jamaican dollar is also identified by the permanent duplicate item Q23016567.

## Body

### History and Introduction
The Jamaican dollar was introduced on September 8, 1969, replacing the Jamaican pound, which had been in use since 1840. This marked a significant shift in Jamaica's monetary system, aligning with its post-independence economic policies. The transition was managed by the Bank of Jamaica, which became the sole issuer and regulator of the currency.

### Issuance and Regulation
The Jamaican dollar is issued and regulated by the Bank of Jamaica, the central bank of Jamaica. The bank ensures the stability and legal status of the currency, maintaining public trust and economic order. The currency is also recognized internationally by its ISO 4217 code JMD and symbol J$.

### Conversion and Value
As of 2018, the Jamaican dollar had an approximate conversion rate of 0.0067 USD. In 2020, the conversion rate to the euro was approximately 0.0056 EUR. These rates reflect the currency's value in international markets and its relative stability.

### Symbols and Identifiers
The Jamaican dollar is denoted by the symbol J$ and has several aliases, including Jay, Libra jamaicana, and Dólar jamaicano. It is also recognized by its QUDT unit ID CCY_JMD, QUDT dimension ID A0E0L0I0M0H0T0D1, and Wolfram Language Unit Code "JamaicanDollars". The Freebase ID for the Jamaican dollar is /m/04xc2m, and the permanent duplicate item is Q23016567.

### Predecessor Currency
Before the Jamaican dollar, the Jamaican pound was the official currency of Jamaica, used from 1840 until 1969. The transition to the Jamaican dollar marked a shift in national monetary policy and economic independence.

### International Recognition
The Jamaican dollar is recognized internationally by its ISO 4217 code JMD, symbol J$, and various identifiers such as the QUDT unit ID, QUDT dimension ID, and Wolfram Language Unit Code. These identifiers ensure the currency's recognition and use in global financial markets.

### Cultural and Linguistic Presence
The Jamaican dollar has a dedicated Wikipedia article in 49 different languages, including Spanish, French, Russian, Chinese, and others. This widespread language coverage reflects the currency's significance and recognition in global knowledge systems.

### Economic Impact
The Jamaican dollar plays a central role in Jamaica's economy, supporting trade, savings, and investment. It is managed by the Bank of Jamaica, which ensures its stability and legal status. The currency's introduction in 1969 marked a significant shift in national monetary policy and economic independence.

### Digital Presence
The Jamaican dollar is recognized by its QUDT IDs, Wolfram Language Unit Code, and Freebase ID, ensuring its presence in digital systems and platforms. These identifiers reflect the currency's integration into global financial systems and its recognition in digital contexts.

### Legacy and Influence
The Jamaican dollar's introduction in 1969 marked a significant shift in national monetary policy and economic independence. It replaced the Jamaican pound and aligned with Jamaica's broader goals of self-sufficiency and modernization. The currency's stability and legal status are ensured by the Bank of Jamaica, reflecting the country's economic sovereignty.

### Related Entities and Connections
The Jamaican dollar is closely related to the Bank of Jamaica, which is responsible for its issuance and regulation. The currency is also connected to the Jamaican economy, financial system, and international trade. Its introduction in 1969 marked a significant shift in national monetary policy and economic independence, aligning with Jamaica's broader goals of self-sufficiency and modernization.

## References

1. Freebase Data Dumps. 2013