Bank of Jamaica Governor Denies There’s Any Plan to Devalue Country’s Dollar

Governor of the Bank of Jamaica (BoJ) Brian Wynter has dismissed the claim that the Central Bank is devaluing the Jamaican dollar, as part of plans to increase the inflation rate.

“It is absolutely not true and it takes you down a wrong path if you believe that’s what we are actually doing. We are not doing that,” he insisted yesterday at a press briefing where where official correspondence from the Bank, outlining the factors resulting in Jamaica’s inflation target shortfall as at June this year, was released.

Read more: http://www.caribbean360.com/business/bank-of-jamaica-governor-denies-theres-any-plan-to-devalue-countrys-dollar#ixzz5P72btcjt

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