The Jamaican Dollar (JMD) is the official currency of Jamaica, introduced in 1969 to replace the Jamaican Pound. It is subdivided into 100 cents and is symbolized by the dollar sign ($) or the letters JMD. The currency is issued by the Bank of Jamaica, which manages its value and circulation. The Jamaican Dollar is used for all transactions within the country, including trade, services, and tourism. Its value fluctuates against other currencies, influenced by factors such as inflation, economic conditions, and foreign exchange rates. The currency is available in both coins and banknotes.