| Q |
How can I tell if I have a counterfeit note? |
| A |
If there is any doubt about the authenticity of a note, look for the following security features: wide windowed thread; novel numbering (vertical and horizontal; intaglio printing on special paper; watermark (Doctor Bird with flower highlight); $500 - iridescent clubs on front left; $1,000 - large butterfly printed in gold ink). Back to top Back to top |
| Q |
What should I do if I have a counterfeit note? |
| A |
If you realise that you have a counterfeit note, you should keep the note if possible, record details of the note and contact the nearest police station. If possible, you should provide the police with information about the person from whom you received the note. Back to top Back to top |
| Q |
Why wont the Bank of Jamaica reimburse a counterfeit note? |
| A |
The Bank of Jamaica, like all other central banks will not reimburse counterfeit notes, as this could encourage the counterfeiting of notes for the purpose of receiving reimbursement. The Bank would find it difficult to differentiate between someone who is trying to defraud the Bank and an innocent recipient.
The Bank of Jamaica has no legal obligation to honour counterfeit notes. The Bank's legal obligation extends only to notes issued by the Bank of Jamaica. Back to topBack to top |
| Q |
Who makes our coins? |
| A |
The British Royal Mint is responsible for minting Jamaica's circulating
Coins. Back to top Back to top |
| Q |
Who prints our bank notes? |
| A |
De La Rue Currency Ltd. in England has printed bank notes used in Jamaica since 1920. Back to top Back to top |
| Q |
Who decides which persons are featured on our bank notes? |
| A |
Who decides which persons are featured on our bank notes? Back to top |
| Q |
When did Jamaica change to a decimal system of currency? |
| A |
On 08 September 1969. Back to top Back to top |
| Q |
Will the boj accept old coins and bank notes? |
| A |
All currency issued by the Bank of Jamaica will be accepted for payment at face value. Some coins and notes which have been withdrawn or demonetised will not be accepted by business persons as they are no longer legal tender, but the BOJ will accept them. Back to top Back to top |
| Q |
Can i pay for goods and services with coins only? for example, can i pay my utility bill with just coins? |
| A |
the Bank of Jamaica Act Part IV Section 15 (1) sets out limits on a tender of payment in coin:- in the case of coins of a denomination of not less than one dollar, for the payment of an amount not exceeding twenty dollars;
- in the case of coins of a denomination of less than one dollar but not less than five cents, for the payment of an amount not exceeding five dollars;
- in the case of coins of a denomination of less than five cents, for he payment of an amount not exceeding twenty cents.
Back to top |
| Q |
If a coin is bent, can i still use it? |
| A |
If a coin is bent, mutilated or defaced or weighs less than it should, it
must not be accepted as legal tender. Back to topBack to top |
| Q |
If i have a mutilated bank note, will the bank of jamaica exchange it
for a good note? |
| A |
According to the Bank of Jamaica Act, "a person shall not be entitled to
recover from the Bank the value of any lost, stolen, mutilated or imperfect
note or coin. The circumstances in which, and the conditions and
limitations subject to which the value of lost, stolen, mutilated or imperfect
notes or coins may be refunded shall be within the absolute discretion of
the Bank." However, the Bank will exchange a note which is damaged but on which The serial number of the note can be determined. Back to top |
