Manufacturers say Jamaica National Building Society, JNBS, has decided to help alleviate the foreign exchange shortage they are facing, by creating a special window. It allows producers to access foreign currency. The word came from President of the Jamaica Manufacturers’ Association, JMA, Brian Pengelley, who said it was achieved after lengthy negotiations with the Bank of Jamaica and other financial institutions. JNBS is so far the only entity to accede to the manufacturers’ request. Mr Pengelley says the mechanics of the agreement are yet to be worked out. Manufacturers have been complaining that a shortage of foreign currency has been affecting their ability to pay for raw materials.
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JNBS to esbablish special forex window for manufacturers
