The Dangers Of Devaluation In Belize (Updated 2017)
"Continual devaluation of the Jamaican dollar against hard currencies such as the US dollar hurts Jamaican exports and impoverishes the people." William Mahfood, former president of the Private Sector Organisation of Jamaica (PSOJ) and chairman of Wisynco, a manufacturing and distribution company. He noted that while devaluation could help an economy such as Colombia, which has a major reliance on commodities such as coal, oil and coffee, “60 per cent of the Jamaican eonomy i