The Bank of Jamaica rate has been fluctuating this past month. We hit a high of 146 to 1US$ the other day. Cambio rates are between 128 and 131.
But all of that is irrelevant when you have no means of foreign income. Tourism business is just not happening so for Negril this is a rather tough time.
Prices are trying to be held in place, but our bill at the Supermarket today did seem higher than normal. The government dropped the GCT from 16.5% to 15. But that change was never really noticable.
The local businesses that are allowed and choose to remain open do so because they never relied on foreign exchange. As mentioned, the businesses that relied on foreign exchange are tourism related businesses which have all closed.
From the street today....
