Definition

Noun: The Jamaican dollar is the official and basic unit of currency in Jamaica. It is the standard monetary unit used for all financial transactions within the country.

Usage

The term "Jamaican dollar" is used to refer to the currency itself, its value, or physical banknotes and coins. * The price is one hundred Jamaican dollars. * Do you have any Jamaican dollars I can exchange? * The Jamaican dollar strengthened against the US dollar.

Examples

• The souvenir costs five hundred Jamaican dollars.
• You will need local currency, which is the Jamaican dollar.
• He converted his euros to Jamaican dollars at the airport.

Advanced Usage

• Currency Code: In international finance, the Jamaican dollar is represented by the currency code JMD.
  • The transfer was made in JMD (Jamaican dollars).
• Symbol: The common symbol for the Jamaican dollar is J$ or JA$ to distinguish it from other dollar-denominated currencies.
  • The fee is J$1,500.

Variants and Related Words

• Dollar (n): A general term for the basic monetary unit of several countries, including Jamaica, the United States, Canada, and Australia. The specific country is usually indicated (e.g., Jamaican dollar, US dollar).
• Cent (n): A subdivision of the Jamaican dollar. One Jamaican dollar equals one hundred cents.
  • The coin is worth ten cents.

Synonyms

• JMD: The three-letter ISO currency code.
• Local currency: When the context is clearly Jamaica.

Notes

The Jamaican dollar should not be confused with other dollar currencies, such as the US dollar (USD), Canadian dollar (CAD), or Australian dollar (AUD). Its value is separate and determined by the foreign exchange market.

Noun

1. the basic unit of money in Jamaica