Money and costs
Jamaica's unit of currency is the Jamaican dollar (J$) ,
divided into 100 cents. It comes in bills of J$1000, J$500, J$100,
J$50 and J$20, and coins of J$20, J$10 and J$5. It's worth keeping
a sharp eye on J$100 and J$1000 bills, which look alarmingly
similar. At the time of writing the rate of exchange is
roughly J$48 to US$1 and J$69 to £1. This is prone to fluctuation,
and as a result, the US dollar has emerged as an unofficial
parallel currency, with prices for tourist-oriented goods and
services usually quoted in US$.
Accommodation is likely to be the major expense, although
extremely basic rooms can be found for as little as US$30. Expect
to pay US$60-80 for a room with air-conditioning and cable TV.
Accommodation aside, if you travel around by bus or shared taxi and
get your food from markets and the cheaper cafés and roadside
stalls, you can just about survive on a daily budget of around
US$30 per day. Upgrading to one decent meal out, the occasional
taxi and a bit of evening entertainment, expect to spend a more
realistic US$40-60; after that, the sky's the limit.
Banking hours are generally Monday to Thursday 9am to 2pm
and Friday 9am to 3pm or 4pm. Cambios , which are widespread
throughout the country, are often more convenient, opening later
and offering better exchange rates. FX Trader, with branches
islandwide, is one to look out for; call 1-888/398-7233 to find the
nearest outlet. Exchange bureaux at the main airports offer
rates slightly lower than the banks, and at hotels the rate
is invariably significantly lower.
Jamaica is not a cheap country to visit. Still, don't hesitate
to negotiate on prices, particularly in taxis and at markets
and roadside stalls. Even hotels and guesthouses are generally fair
game for a bit of bargaining when things are slow.
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