Hey Reader,

Here's your weekly roundup from Money Media!

📌Taking Stock

Analysts say IMF’s advice won’t work for Jamaica

​

The analysts on Taking Stock with Kalilah Reynolds believe the International Monetary Fund (IMF) is out of touch when it comes to Jamaica’s economy. They say the IMF’s recommendation for the Bank of Jamaica (BOJ) to stop stepping into the foreign exchange market isn’t realistic for the country’s needs.

So far this year, the BOJ has stepped in 17 times and pumped almost US$400 million into the market.

In its most recent country report, the IMF said the central bank should stop doing that and let the Jamaican dollar float freely, allowing it to rise and fall on its own. But the analysts strongly disagree.

“They have ....

🚨Money Mission

We're in Fontana!

You can now get the Money Mission Workbook at Fontana locations across the island! Go and grab your copy!

This workbook uses Caribbean examples to help YOU create a money plan, navigate debt, and start investing in Caribbean and US stocks.

I also share the ups and downs of my personal journey to wealth while living in Belize and Jamaica, and dealing with the economic realities of the region.

Whether you're job hunting, starting a business, or heading back to school, your finances will shape your next chapter.

The Money Mission Workbook gives you the tools to make smart money moves from day one.

You can also get the workbook on Amazon! Click the link below to grab it now!

📉The Bottom Line

IMF Says Let the Dollar Slide?

Would the latest IMF recommendation push the Jamaican dollar to 200 to 1 US?! Read more​

Agostini’s Fast Food Takeover Bid!

Two Trinidadian powerhouses are joining forces. Read more​

Wisynco Brewing Up Something New!

Watch out, Red Stripe! Wisynco is looking to bring some competition to the alcohol market. Read more​

Poll results

How do you feel about Jamaican athletes switching their allegiance to other countries for better pay and more support?

Rep the brand

The official data partner of Money Media! Get 10% off your MyMoneyJa.com subscription with the code MONEYMISSION

Market Recap

Jamaica Stock Exchange

JSE Combined Index +0.15%​
Junior Market Index +0.76%​
Financial Index -1.12%​
Manufacturing and Distribution Index +1.53%​
​
​Most Traded​
R.A. Williams +6%​
Wigton -2%​
TJH
​
​Biggest Gains​
ISP Finance +32%​
Knutsford Express +26%​
Jetcon +19%​
​
​Biggest Losses​
MPC Caribbean Clean Energy (USD) -29%​
Sygnus Real Estate (JMD) -15%​
Salada Foods -15%

Trinidad & Tobago Stock Exchange

Composite total -0.26%​
​Most Traded: Massy Holdings +0.25%​
​Biggest Gains: Unilever Caribbean +7%​
​Biggest Losses: Trinidad Cement -4%

US markets

DOW Jones +3.04%​
S&P 500 +2.09%​
NASDAQ +1.90%​
​
​(Stock market performance from June 30 - July 4, 2025)​
​
Watch Taking Stock LIVE on Tuesday at 8 pm for your full Market Recap!

💲Dollars and cents

Forex

USD$1.00 = JM$160.77 (-$0.05)

CAD$1.00 = JM$118.52 (+$0.28)

GBP$1.00 = JM$220.24 (+$0.46)

EUR$1.00 = JM$188.59 (+$1.97)​
​
​(Average sell rate as of July 4, 2025)

Crypto

1 BTC = US$107,953.70 (+2.08%)

1 ETH = US$2,508.14 (+4.22%)

Gas prices

87 - $157.80/litre (-$3.06)

90 - $164.95/litre (-$3.06)

DSL - $163.27/litre (-$2.94)

ULSD - $169.27/litre (-$2.94)

Coming up

NHT New Policies Explained

Monday July 7, 2025 - 7pm

New NHT policies are now in effect and you need to know how they affect you and your money.

Taking Stock

Tuesday, July 8, 2025 - 8pm

We'll discuss the lastest business and finance news and tell you how it will affect you and your money.

​Subscribe on YouTube