Central Bank Governor, Brian Wynter, says the Jamaican dollar is depreciating at a ‘significantly slower pace’ than last year.

This, despite fluctuations in the value of the local currency.

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Mr. Wynter was addressing parliament’s Public Administration and Appropriations Committee, (PAAC).

The Jamaican dollar began trading on Wednesday, selling at $129.57 to one US.

It had broken the $130 mark in previous days.

Mr. Wynter says the recent fluctuations in the value of the dollar reflect the fact that the local currency is now fairly valued.

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