On March 12, 2025, the US dollar traded at $157.61, down 11 cents. The Canadian dollar rose to $109.91, while the British pound decreased to $202.18. The Cayman Islands is monitoring avian influenza, and there are calls in Jamaica to reduce student truancy and enhance MSME participation in government contracts.
On March 12, 2025, the US dollar concluded trading at a rate of $157.61. This marks a decrease of eleven cents, as reported by the daily exchange trading summary from the Bank of Jamaica. In contrast, the Canadian dollar rose to $109.91 from a previous $109.67, while the British pound fell from $205.52 to $202.18.
In other news from the Caribbean, the Cayman Islands Department of Agriculture is vigilant in monitoring the situation regarding avian influenza. This precautionary measure follows recent concerns about the spread of the virus in the region.
In Jamaica, senior Parish Judge Sanchia Burrell has called for strengthened efforts to combat truancy among students, emphasizing the importance of educational attendance. Meanwhile, in the political sphere, Prime Minister Andrew Holness faces opposition claims regarding the economic management of Jamaica.
Additionally, the micro, small, and medium-sized enterprises (MSMEs) are encouraged to engage with the government’s multibillion-dollar procurement opportunities. This call comes as the government seeks collaboration with local businesses to stimulate economic growth.
In summary, the exchange rates indicate a modest decline for the US dollar and a mixed performance among other currencies. The vigilance regarding avian influenza in the Cayman Islands, the call to address student truancy in Jamaica, and the encouragement for MSMEs to participate in government procurement highlight significant developments in the region. These factors contribute to the ongoing conversation about economic stability and growth in Jamaica and the Caribbean.
Original Source: www.jamaicaobserver.com
