Dear Editor,
I think the Jamaican currency should be given up and replaced with the United States dollars, because the Jamaican currency no longer fits the definition of money.
Economists say a currency is universally accepted as a medium of exchange, a store of value, and a standard of value for deferred payment. Our dollar does not meet all these standards, while the US currency is universally accepted for those reasons.
Stop the parochial thinking. I would go even further that Jamaica should strive to be a state of the United States; not only for monetary reasons, but to be a part of the greatest country in the history of the world.
Jamaica is far too small not to be exploited by rich and powerful nations in perpetuity, and also incapable of exercising veto power at United Nations, while the US is in that position as well as conveniently near to us and is our friend and ally.
Owen S Crosbie
Mandeville, Manchester
oss@cwjamaica.com
Replace Ja$ with the US$
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I think the Jamaican currency should be given up and replaced with the United States dollars, because the Jamaican currency no longer fits the definition of money.
Economists say a currency is universally accepted as a medium of exchange, a store of value, and a standard of value for deferred payment. Our dollar does not meet all these standards, while the US currency is universally accepted for those reasons.
Stop the parochial thinking. I would go even further that Jamaica should strive to be a state of the United States; not only for monetary reasons, but to be a part of the greatest country in the history of the world.
Jamaica is far too small not to be exploited by rich and powerful nations in perpetuity, and also incapable of exercising veto power at United Nations, while the US is in that position as well as conveniently near to us and is our friend and ally.
Owen S Crosbie
Mandeville, Manchester
oss@cwjamaica.com
Replace Ja$ with the US$
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