   
|
|
|
|
JMD
|
JMD is the three-character currency abbreviation for the Jamaican Dollar based on the ISO-4217 standard codes. JMD is the official currency of Jamaica. The common usage symbol for the JMD is J$. The Bank of Jamaica is the government institution that issues the JMD. The JMD divides into smaller units known as Jamaican cents. The JMD is considered a minor currency and is not actively traded in the international currency markets. The value of the JMD “floats” against other currencies. That is, market forces determine the value of the JMD. Therefore, the JMD is easily convertible into other currencies. The approximate conversion value (in late 2005) for the JMD in US dollars is JMD 64+ to USD 1. Jamaican banknotes are issued in denominations of $50, $100, $500, and $1000. All smaller denominations of the JMD are issued in coin.
Rate this JMD definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close
|
|
|
|
