December 7, 2021

JN Money Service hit by USD shortage in Cayman Islands

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By Tameka Gordon From Jamaica Gleaner With contracting US dollar supplies now facing The Cayman Islands, the Jamaica National Building Society says it has seen diminishing remittance activity through its JN Money Service (JNMS) subsidiary there. “Our September report indicates that there has been a decline in the number of transactions and the value of […]

JN Money limits transactions to US Dollars in Cayman

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From Jamaica Gleaner The Cayman Islands (CI) operation of JN Money Services (JNMS) has advised that, starting August 24, it will accept US dollars only for money transfer, MoneyGram and Quick Cash transactions. The action appears to be an accommodation of requests from its Cayman bank, which is moving to close the accounts of money […]