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<p>[QUOTE="Burton Strauss III, post: 2891198, member: 59677"]It used to be illegal to have (physical) Jamaican dollars outside of the country and to use other currencies within Jamaica - that was how they controlled the flow of hard currency. If you needed US$ or Dmarks or whatever to import something, you had to buy them - at auction - from the BoJ.</p><p><br /></p><p>The current law just says all contracts must be in Jamaican dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2891198, member: 59677"]It used to be illegal to have (physical) Jamaican dollars outside of the country and to use other currencies within Jamaica - that was how they controlled the flow of hard currency. If you needed US$ or Dmarks or whatever to import something, you had to buy them - at auction - from the BoJ. The current law just says all contracts must be in Jamaican dollars.[/QUOTE]
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