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 and regulated by the Bank of Jamaica, which manages monetary policy and ensures stability. The Jamaican dollar is used for everyday transactions in Jamaica, including shopping, dining, and services. Its value fluctuates against other currencies, such as the US dollar, influenced by factors like inflation, trade balance, and economic conditions.