


SAR information
About Jamaican Dollar (JMD)
The Jamaican Dollar (JMD), introduced in 1969, is not just the currency of Jamaica; it symbolizes the nation's post-independence economic journey and cultural identity. It is commonly abbreviated as JMD and represented by the symbol $.
Historical Background
The Jamaican Dollar was introduced on January 30, 1969, replacing the Jamaican Pound, as Jamaica moved towards decimalization following its independence from Britain in 1962. This shift was a crucial step in asserting Jamaica's economic sovereignty and a departure from its colonial past.
Design and Symbolism
The design of the Jamaican Dollar is a celebration of the nation's rich history and cultural diversity. Banknotes and coins are adorned with portraits of national heroes, such as Marcus Garvey and Nanny of the Maroons, and depict iconic landmarks and scenes representing Jamaica’s natural beauty, such as Dunn's River Falls. These designs serve as a daily reminder of Jamaica’s proud heritage and natural wonders.
Economic Role
The Jamaican Dollar is central to the island's economy, characterized by its tourism sector, bauxite/alumina exports, and agriculture. As the primary medium of exchange, the Jamaican Dollar facilitates trade and commerce, playing a critical role in the economic activities of the nation.
Monetary Policy and Inflation
Managed by the Bank of Jamaica, the Jamaican Dollar has faced challenges such as inflation and devaluation. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster sustainable economic growth. These measures are crucial for maintaining the confidence of both domestic and international investors.
International Trade and the Jamaican Dollar
The Jamaican Dollar's exchange rate plays a significant role in international trade, particularly for Jamaica's key exports and the tourism industry. A stable and competitive exchange rate is essential for maintaining the attractiveness of Jamaican exports and the tourism sector.
Remittances and Economic Impact
Remittances from Jamaicans living abroad, particularly in the United States, United Kingdom, and Canada, are a significant source of foreign income. These funds, converted into Jamaican Dollars, support many families and contribute to the national economy.
OMNI to SAR conversion rate trend
OMNI to SAR market statistics
More info about Omni Network on Bitget
Current OMNI to SAR exchange rate
Omni Network to Jamaican Dollar is falling this week.OMNI to SAR Conversion tables
The exchange rate of Omni Network is decreasing.OMNI to SAR
SAR to OMNI
OMNI to SAR Today vs. 24 hours ago
Amount | 17:50 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OMNI | ر.س3.51 | ر.س3.44 | +2.10% |
1 OMNI | ر.س7.02 | ر.س6.88 | +2.10% |
5 OMNI | ر.س35.1 | ر.س34.38 | +2.10% |
10 OMNI | ر.س70.2 | ر.س68.75 | +2.10% |
50 OMNI | ر.س351 | ر.س343.75 | +2.10% |
100 OMNI | ر.س702 | ر.س687.51 | +2.10% |
500 OMNI | ر.س3,509.98 | ر.س3,437.54 | +2.10% |
1000 OMNI | ر.س7,019.96 | ر.س6,875.08 | +2.10% |
OMNI to SAR Today vs. 1 month ago
Amount | 17:50 today | 1 month ago | 1M change |
---|---|---|---|
0.5 OMNI | ر.س3.51 | ر.س6.27 | -43.99% |
1 OMNI | ر.س7.02 | ر.س12.54 | -43.99% |
5 OMNI | ر.س35.1 | ر.س62.7 | -43.99% |
10 OMNI | ر.س70.2 | ر.س125.4 | -43.99% |
50 OMNI | ر.س351 | ر.س627 | -43.99% |
100 OMNI | ر.س702 | ر.س1,254 | -43.99% |
500 OMNI | ر.س3,509.98 | ر.س6,270.02 | -43.99% |
1000 OMNI | ر.س7,019.96 | ر.س12,540.04 | -43.99% |
OMNI to SAR Today vs. 1 year ago
Amount | 17:50 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OMNI | ر.س3.51 | ر.س46.33 | -92.42% |
1 OMNI | ر.س7.02 | ر.س92.66 | -92.42% |
5 OMNI | ر.س35.1 | ر.س463.28 | -92.42% |
10 OMNI | ر.س70.2 | ر.س926.56 | -92.42% |
50 OMNI | ر.س351 | ر.س4,632.81 | -92.42% |
100 OMNI | ر.س702 | ر.س9,265.62 | -92.42% |
500 OMNI | ر.س3,509.98 | ر.س46,328.12 | -92.42% |
1000 OMNI | ر.س7,019.96 | ر.س92,656.23 | -92.42% |
How to convert OMNI to SAR



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