Advertisement

BOJ investigating claims some banks refusing to encash cheques

The Bank of Jamaica is looking into claims that some commercial banks are refusing to encash cheques.
 
The issue was raised earlier this week by Opposition Spokesman on Finance, Mark Golding.
 
Mr. Golding noted that while there is support for the banks' decision to encourage greater use of  electronic and online channels for payment transactions, it should not be done in an arbitrary or insensitive way.
 
In the meantime, Bank of Jamaica Deputy Governor, Natalie Haynes, admitted that while the push to go digital is being emphasized, there is still a place for cash in the economy.
 


comments powered by Disqus
Most Popular
Stocks: JMMB Group 9.5%, Radio Jamaica Ltd...