We all know that the borders are open because Jamaica needs to keep the economy going. The government would have never done that if it was not in every Jamaicans best interest. They are keeping the protocols flexible in order to keep everyone safe from Covid which is posing problems and issues for our visitors. We appreciate your patience and understanding.
Because of the complete closure of the tourism industry in March, which accounts for approximately 20% of the foreign exchange and the declining remittances (16%), the foreign exchange being held by the Bank of Jamaica has dropped to the point that the Jamaican dollar is at its lowest value in history. With the current bank rate at J$150 to US$1, this is creating a desperate situation for the entire country.
Since Jamaica relies on imports, especially for oil and food stuffs, the price of everything is going up substantially. Things will only get worse unless we can increase our foreign exchange. Which is where you come in.
If you are wanting to come down, please do. Stay at the smaller resorts that are offering some great incentives right now. Feel free to tip in cash, while bringing down gifts are nice, everyone needs foreign currency at the moment much more than perfumes or shoes. That will be the only way to stop the slide of Jamaican dollar.
Unfortunately we're getting tourists here that are being quite demanding. A recent example was demanding discounts on everything, not tipping, even refusing to pay the service charges and taxes on the bills. With the local economy being what it is, please don't nickle and dime everything. If you can afford to come here now, we need your support, not to be taken advantage of at every opportunity.
So please, if you are wanting to come down, we are welcoming you! We need your support now more than ever.
