Jamaican Currency Update and Local News Highlights for March 2025
On March 12, 2025, the US dollar was valued at $157.61, a decline from the previous day. The Canadian dollar increased while the British pound decreased. Additionally, local news highlights concerns with education and agriculture in Jamaica and the Cayman Islands, alongside political discussions around the economy.
On March 12, 2025, the US dollar closed at $157.61, a decrease of 11 cents according to the Bank of Jamaica’s daily trading summary. In contrast, the Canadian dollar rose to $109.91, climbing from a previous rate of $109.67, while the British pound fell to $202.18 from $205.52.
In other news, the Cayman Islands Department of Agriculture is monitoring the status of avian influenza after reporting an outbreak. Senior Parish Judge Sanchia Burrell emphasized the need for initiatives to reduce truancy among Jamaican students, illustrating the growing concern over educational attendance.
Kingston’s Micro, Small, and Medium-sized Enterprises (MSMEs) are encouraged to capitalize on opportunities provided by the multibillion-dollar government procurement sector. Meanwhile, Prime Minister Andrew Holness has faced criticism from the Opposition, who argue he cannot take sole credit for the Jamaican economy’s improvements. The headlines also mention preparations for the upcoming general election in Belize, won by the ruling People’s United Party (PUP) under Prime Minister John Briceño’s leadership.
The article provides insight into the recent fluctuations in currency exchange rates for the US dollar, Canadian dollar, and British pound, alongside local news that reflects economic and social issues in Jamaica. Notable topics include the monitoring of avian influenza in the Cayman Islands, truancy concerns in Jamaica’s education system, and the ongoing political discourse surrounding Jamaica’s economic situation. Furthermore, MSMEs are being targeted for government contracts in a bid to boost the local economy.
Original Source: www.jamaicaobserver.com
