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by Sheree-Anita Shearer | Associate Writer
Knowing the currency of the country you are visiting and the different options for currency exchange services when you get there is quite important for your vacation to go well. Fortunately, there is a myriad of reputable currency exchange services and Cambios in Jamaica.
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The Jamaican Dollar is our official currency. We have 4 coins, $1, $5, $10 and $20 and 5 notes $50, $100, $500, $1000 and $5,000.
However, resort areas and major establishments will sometimes accept US, Canadian or Pound Sterling for payment. Government agencies are not included.
These are not the only reputable Cambios in Jamaica, there are smaller local Cambios in each area you visit.
Most Banks have a currency exchange section where you can simply go in and covert to or from most major currencies whether by cash or cheque.
The costs of converting cash and cheques are usually different. Prices also depend on whether you are buying or selling.
Multilink ATMs of major banks in resort areas also dispense cash in US Dollars as well. You should be able to use your VISA, Mastercard, Cirrus and Plus card at a Multilink ATM with no hassle. American Express Cards are mainly accepted at major resorts.
The exchange rate between the Jamaican dollar and other currencies fluctuates daily. Therefore, you will have to check the local newspaper, bank or Cambios website to see updated rates should you wish to convert from one currency to the next.
Also, if you check the newspaper, for example, the rate you get at the bank or Cambio might be slightly different from what you were expecting. This is so, as each establishment charges commission to convert currencies and the percentage of each charge is different. You may have to shop around to get a “good price”.
The Bank Of Jamaica is the only establishment that deals in some currencies. They convert:
Global Exchange is an international currency exchange company that operates in 22 countries, including both airports in Jamaica.
Here, you can convert to or from Jamaican Dollars to:
You also have the option to request the currency before your arrival and just collect it at the counter when you get to the airport.
In addition to the 2 airport locations, there is also a Global Exchange location at the Secrets resort in Montego Bay. The exchange rates at airports are usually lower than at other establishments.
If you are uncertain, the Bank of Jamaica’s website has a list of all the currency exchange services and Cambios In Jamaica, if you choose to use a local exchange service not included on the list.
I hope this helps you on your trip to Jamaica. Happy Travelling!
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