Convert 1 Jamaican Dollar (JMD) to British Pound Sterling (GBP)
Exchange rates used for currency conversion updated on June 05th 2020 ( 06/05/2020 )
Below you will find the latest exchange rates for exchanging Jamaican Dollar (JMD) to British Pound Sterling (GBP) , a table containing most common conversions and a chart with the pair's evolution.
The Jamaican Dollar (JMD) to British Pound Sterling (GBP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The official currency of Jamaica is the Jamaican dollar. It is symbolized in currency trades as JMD and has as its symbol in writing "$", "J$", or "JA$" depending on the context. The JMD is subdivided into 100 subunits known as cents and symbolized as "c".
The Bank of Jamaica issues coins in values of 1, 10, 25 cents as well as 1, 5, 10, and 20 dollars. They issue banknotes in values of 50, 100, 500, and 1000 dollars with a $5000 note under consideration.
The Bank of Jamaica is the central bank of Jamaica, serves under the Minister of Finance of Jamaica, and has as its mission the development and growth of the Jamaican economy.
About British Pound Sterling (GBP)
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.