November 30, 2021

IMF staff concludes visit to Jamaica

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From Caribbean News Now KINGSTON, Jamaica — An International Monetary Fund (IMF) staff team led by Uma Ramakrishnan visited Kingston from June 11 to 15, 2018, to take stock of progress on Jamaica’s economic reform program supported by the IMF’s precautionary stand-by arrangement (SBA). At the end of the visit, Ramakrishnan issued the following statement: […]

Bitcoin Exchange, Caricoin, trying to enter Jamaica – discussions with BOJ under way

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By McPherse Thompson From Jamaica Gleaner A new player is trying to set up a bitcoin exchange in Jamaica as the first-known operator in the virtual currency space locally, but it needs the approval of the Bank of Jamaica. The central bank is in talks with Caricoin, a business emanating from the United Kingdom, and has […]

Cayman Islands tax haven holds more Japanese money than ever

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By SHOHEI MAKIUCHI From The Asahi Shimbun Japanese investments in financial securities in the Cayman Islands, a British overseas territory in the Caribbean Sea known as a major tax haven, have hit a record high, according to the Bank of Japan. Those investments stood at a total value of 74.4 trillion yen (about $675 billion) […]

Japan starts negative interest rates to boost economy

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From Newsmax (AP) The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery. The surprise move rattled stock market investors, with the Nikkei 225 […]