There is growing concerns within the financial sector over the large volumes of hard currency being shipped from Jamaica — upwards of $50 million monthly — which cannot adequately be justified.

This legitimises the de-risking concerns being exhibited towards Jamaica

WASHINGTON, United States — United Kingdom Foreign Secretary Dominic Raab (left) and U.S. Secretary of State Mike Pompeo (right), shake hands during a joint press event at the State Department on August 7, 2019 in Washington, DC. (Photo: AFP)

The Jamaican economy is becoming more sophiscated and no longer needs to be picking winning industries for stimulus packages to grow national production.

That’s the word from Internationl Monetary Fund (IMF) representative to Jamaica, Dr Constant Lonkeng Ngouana, who explained that

Statistical Institute of Jamaica expects to update the inflation basket in a year’s time from the results of the last household expenditure survey, or HES, says senior statistician Hope Perkins.

The survey, which provides information on the goods and services purchased