AUDIO: Hyman Hails JNBS’ Foreign Exchange Window

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Financial Analyst Ralston Hyman says the decision by the Jamaica National Building Society, JNBS, to open a special foreign exchange window for manufacturers should be adopted by other financial institutions.

On Monday, the JNBS and the Jamaica Manufactures Association signed an agreement that will see JMA members benefiting from the special facility.

Beginning August 4, JNBS will set aside 10-million US dollars or just over 1-billion Jamaican dollars per month until December 21, for small and medium-sized manufacturers.

Mr. Hyman says major financial institutions should follow suit.

According to Mr. Hyman, major financial institutions can only benefit from adopting the JN approach.

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Mr. Hyman says with the new foreign exchange window, the Central Bank will be able to focus on the macro economy.

Ralston Hyman Financial Analyst speaking with Nationwide News.

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