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About Jamaican Dollar (JMD)
The Jamaican Dollar (JMD), introduced in 1969, is not just the currency of Jamaica; it symbolizes the nation's post-independence economic journey and cultural identity. It is commonly abbreviated as JMD and represented by the symbol $.
Historical Background
The Jamaican Dollar was introduced on January 30, 1969, replacing the Jamaican Pound, as Jamaica moved towards decimalization following its independence from Britain in 1962. This shift was a crucial step in asserting Jamaica's economic sovereignty and a departure from its colonial past.
Design and Symbolism
The design of the Jamaican Dollar is a celebration of the nation's rich history and cultural diversity. Banknotes and coins are adorned with portraits of national heroes, such as Marcus Garvey and Nanny of the Maroons, and depict iconic landmarks and scenes representing Jamaica’s natural beauty, such as Dunn's River Falls. These designs serve as a daily reminder of Jamaica’s proud heritage and natural wonders.
Economic Role
The Jamaican Dollar is central to the island's economy, characterized by its tourism sector, bauxite/alumina exports, and agriculture. As the primary medium of exchange, the Jamaican Dollar facilitates trade and commerce, playing a critical role in the economic activities of the nation.
Monetary Policy and Inflation
Managed by the Bank of Jamaica, the Jamaican Dollar has faced challenges such as inflation and devaluation. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster sustainable economic growth. These measures are crucial for maintaining the confidence of both domestic and international investors.
International Trade and the Jamaican Dollar
The Jamaican Dollar's exchange rate plays a significant role in international trade, particularly for Jamaica's key exports and the tourism industry. A stable and competitive exchange rate is essential for maintaining the attractiveness of Jamaican exports and the tourism sector.
Remittances and Economic Impact
Remittances from Jamaicans living abroad, particularly in the United States, United Kingdom, and Canada, are a significant source of foreign income. These funds, converted into Jamaican Dollars, support many families and contribute to the national economy.
FITFI to IQD conversion rate trend
FITFI to IQD market statistics
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Current FITFI to IQD exchange rate
Step App to Jamaican Dollar is rising this week.FITFI to IQD Conversion tables
The exchange rate of Step App is decreasing.FITFI to IQD
IQD to FITFI
FITFI to IQD Today vs. 24 hours ago
Amount | 16:06 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 FITFI | ع.د0.9979 | ع.د0.9877 | +1.04% |
1 FITFI | ع.د2 | ع.د1.98 | +1.04% |
5 FITFI | ع.د9.98 | ع.د9.88 | +1.04% |
10 FITFI | ع.د19.96 | ع.د19.75 | +1.04% |
50 FITFI | ع.د99.79 | ع.د98.77 | +1.04% |
100 FITFI | ع.د199.59 | ع.د197.53 | +1.04% |
500 FITFI | ع.د997.94 | ع.د987.66 | +1.04% |
1000 FITFI | ع.د1,995.88 | ع.د1,975.32 | +1.04% |
FITFI to IQD Today vs. 1 month ago
Amount | 16:06 today | 1 month ago | 1M change |
---|---|---|---|
0.5 FITFI | ع.د0.9979 | ع.د1.15 | -13.01% |
1 FITFI | ع.د2 | ع.د2.29 | -13.01% |
5 FITFI | ع.د9.98 | ع.د11.47 | -13.01% |
10 FITFI | ع.د19.96 | ع.د22.95 | -13.01% |
50 FITFI | ع.د99.79 | ع.د114.73 | -13.01% |
100 FITFI | ع.د199.59 | ع.د229.45 | -13.01% |
500 FITFI | ع.د997.94 | ع.د1,147.26 | -13.01% |
1000 FITFI | ع.د1,995.88 | ع.د2,294.51 | -13.01% |
FITFI to IQD Today vs. 1 year ago
Amount | 16:06 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 FITFI | ع.د0.9979 | ع.د4.52 | -77.94% |
1 FITFI | ع.د2 | ع.د9.05 | -77.94% |
5 FITFI | ع.د9.98 | ع.د45.24 | -77.94% |
10 FITFI | ع.د19.96 | ع.د90.48 | -77.94% |
50 FITFI | ع.د99.79 | ع.د452.4 | -77.94% |
100 FITFI | ع.د199.59 | ع.د904.8 | -77.94% |
500 FITFI | ع.د997.94 | ع.د4,524.01 | -77.94% |
1000 FITFI | ع.د1,995.88 | ع.د9,048.02 | -77.94% |
How to convert FITFI to IQD



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