Jamaican Dollar too Weak says Former Finance Minister

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Jamaica News: Questions are being asked of the government about their financial policies.

Former Finance Minister Dr Peter Phillips wants to know the Andrew Holness administration’s end game in allowing the dollar to weaken further.

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While local economists are split on what is a safe figure to stabilize the currency against its major counterparts in particular the US dollar, Dr Phillips reasons the currency is now too weak.

“From 126 to 137 in a matter of weeks. They don’t know what they are doing” said Dr Phillips who was addressing comrades in St Catherine.

 

By: Mckoy’s News Reporter

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