Tag: Jamaican Consulate
Bankers blamed for starting US$ black market
CNS): The local banking system has been blamed for starting the black market for US currency in the Cayman Islands, which is seen as a result of fees being charged to make exchanges and for their reaction to the risk issues associated with money transfer firms. More than 300 people, mostly Jamaicans, spilled out of […]
Public meeting to discuss remittance issues
(CNS): The Jamaican Consulate is hosting a public meeting next week to discuss the issues surrounding money transfer businesses, which many people use to send remittances home to their native countries. Those businesses have recently begun to only accept US dollars, which is driving up exchange rates and fees and some banks are now limiting exchange […]
