Central bank games jamaica 2012

The BOJ has the task of complementing fiscal policy while, at the same time, balancing price stability and some sort of exchange-rate stability. The flexible exchange-rate systems administered in Jamaica allows the market to operate freely to determine the exchange rate. However, the BOJ intervenes from time to time, buying or selling foreign currency in an attempt to curtail exchange-rate fluctuations. The central bank has been successful at this, to some extent, but is overwhelmed by the country's high consumption of imports, relative to exports.

The BOJ's policies are also geared towards maintaining price stability, designed to maintain inflation within a specified limit. The inflation rate, December to May , is 3. A portion of Jamaica's inflation is a result of imports, over which the BOJ has no control. The largest acquisition of a Jamaican company — Campari acquired Lascelles deMercado.

An Agreement for the cross-listing of securities was signed. It was listed on February, News Room. Regional Conference.

Mozido Jamaica, subsidiary of the United States, Dallas-based global cloud payment network Mozido, introduced Genius Wallet for use with mobile phones in February. Similar to Zoompass, which uses applications accessible through a mobile device to receive and request currency, Genius Wallet facilitates direct remittance transfers between sender and receiver. Additionally, In December , Mozido Dallas announced that it had expanded a partnership with MoneyGram to include MoneyGram remittance transfer services for approved Mozido mobile wallet applications.

The technical integration enables remittance services for approved programmes at , MoneyGram locations in countries, Mozido said. Hewitt said Wednesday that MoneyGram International has been one of Mozido's valued partners since He notes, however, that The Genius Wallet is not offered locally in Jamaica and its introduction is dependent on sign-off by regulators on such services.

Natalie Hayes, division chief of the BOJ's Banking and Market Operations Division, said last week that there were no applications before the central bank for the offer of remittance services on a mobile, Internet-enabled platform. All news. All insights.

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