New Banknotes Are Out!

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Jamaica’s new banknotes are slated to hit the streets today, Thursday, June 15, 2023.

The Bank of Jamaica (BOJ) says the new series of polymer banknotes will be available over the counter at the Bank of Jamaica, effective Thursday, 15 June 2023. In light of this, effective Thursday, June 15, 2023, through Friday, June 23, 2023, the Bank will be extending its opening hours to the public and will be open between the hours of 9 a.m. and 2 p.m. to accommodate customers who may wish to exchange the old series of banknotes for new polymer banknotes.

Individuals who wish to exchange the old series of banknotes at BOJ must ensure they have the following:

  1. Valid Government-issued photo identification (e.g., Driver’s Licence, Passport, or National Identification Card).
  2. Taxpayer Registration Number (TRN)
  3. Source of funds documentation (salary slip, bank statement, job letter, work permit, etc.) for transactions reaching or exceeding US$1,000.00 or equivalent in any other foreign currency. Please note the Bank may, at its discretion, request similar information for amounts below US$1,000.00.

The BOJ says it will carry out its usual verification and authentication of the old series of banknotes before facilitating an exchange.

Additionally, the exchange of mutilated and contaminated old series banknotes will be facilitated in accordance with the Bank’s usual stipulated guidelines.

Public members should note that the old and new series of banknotes will co-exist as legal tender (i.e., both can be used to conduct transactions). The old series will remain in circulation until further advised by the Bank of Jamaica.

The Bank will revert to the usual banking hours of 9:00 AM to 1:00 PM as of Monday, June 26, 2023.

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