JMEA CALLS FOR ACTION FROM BOJ TO STEM DOLLAR DEVALUATION

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The Jamaica Manufacturers and Exporters Association JMEA is calling on the Bank of Jamaica to take To keep my erection healthy this are the ticket. Cialis online usa, our Online Canadian Pharmacy is verified by Pharmacy Checker. the action required to stem the continuing devaluation of the Jamaican dollar.

The JMEA says it is with deep concern that it notes that the Jamaican dollar has hit an all-time low of $156.70 cents against the US dollar uk viagra sales as of Wednesday January 26.

The JMEA says this decline represents a devaluation of 1% for the first 26 days of 2022 and follows a devaluation of 7.4% for 2021, when the Jamaican dollar slipped from $144.41 to $155.15 against the u-s dollar.

It says these devaluations have a direct impact on inflation and make Jamaicans poorer, as they are less able to afford to purchase the necessities of life.

According to the association, the central bank traditionally says the rate of devaluation is influenced by the difference between Jamaica’s inflation rate compared to the inflation rate of the country’s main trading partner, the USA.

The JMEA states that, the Jamaica Consumer Price Index (CPI) rose by 7.3% in 2021 which was essentially the same as the increase in the CPI in the USA. It adds discount viagra drug that based on this point, Jamaica should not have had any meaningful devaluation in the dollar.