Old cotton banknotes to be demonetized effective July 1, 2025.
April 6, 2025
Old cotton banknotes will not be legal tender as of July 1
The Bank of Jamaica (BOJ) has advised that effective July 1, 2025, the old cotton banknotes comprised of the $5000, $1000, $500, $100 and $50 denominations will no longer be legal tender.
It means that the banknotes cannot be used for transactions for goods and services, the BOJ said in a press release.
Health, News
April 6, 2025
OVER the past decade, there has been growing interest in minimally invasive surgery (MIS), and with good reason. These procedures offer smaller incisi...
“Notwithstanding, Bank of Jamaica will continue to redeem the old cotton banknotes for face value indefinitely,” the central bank said.
It noted that following the demonetization of the old cotton banknotes, cash transactions should be conducted using the new polymer banknotes, comprised of the $5000, $2000, $1000, $500 $100, and $50 denominations, that have been in circulation since June 2023, and the existing coin denominations of $20, $10, $5 and $1.
Observer+ News
Large institutions prioritise profit, small banks cut costs for customers
April 6, 2025
ORDINARY Jamaicans navigate a labyrinth of banking fees with charges for basic services varying by as much as 1,000 per cent across institutions, a Ja...
