The Jamaican Dollar (JMD) is Jamaica’s official currency. Its value fluctuates daily in the foreign exchange market, so it’s wise to check current rates before traveling or exchanging money. Although U.S. dollars are widely accepted in tourist areas, using Jamaican dollars can provide a better deal when shopping with local vendors.
Cambios: Licensed foreign exchange dealers, commonly referred to as cambios, are found across the island. They typically offer competitive rates for converting major currencies into Jamaican dollars.
ATMs: Urban centers and popular tourist spots have plenty of ATMs dispensing JMD. Just ensure your bank card is authorized for international withdrawals.
Credit and Debit Cards: Most hotels, restaurants, and shops accept major credit cards. However, it’s wise to carry some cash for small vendors or in rural regions where card usage may be limited.
Bank of Jamaica (BOJ): The central bank responsible for the nation’s monetary policy and financial oversight.
Scotiabank (Bank of Nova Scotia Jamaica): Offers extensive banking services, including foreign exchange.
National Commercial Bank (NCB): One of Jamaica’s largest commercial banks, with a wide network of branches and ATMs.
Jamaica National: A prominent financial institution providing savings, loans, and other banking solutions.
Traveler’s Cheques: Less common nowadays, but some cambios and banks may still handle them.
Tipping Culture: A 10–15% tip is customary in restaurants. Small gratuities for taxi drivers or hotel staff are also appreciated.
Haggling: Bargaining is normal at local markets and roadside stands. Keep small bills handy for convenience.
Understanding Jamaican currency and available banking services will help you handle financial transactions smoothly, letting you focus on enjoying the island’s beaches, cuisine, and cultural experiences.