Foreign Exchange
Foreign Exchange Currency: Jamaican dollar
Meals
* Budget: US$2-5 [GB £1.50-4]
* Mid-range: US$10-20 [GB £9-18]
* Top-end: US$20 and upwards [GB £19 up]
Lodging
* Budget: US$15-25 [GB £14-24]
* Mid-range: US$25-60 [GB £24-58]
* Top-end: US$60 and upwards [GB £58 up]
Jamaica is relatively inexpensive compared to other Caribbean
islands, though how much you spend depends largely on the style in
which you travel. Budget travellers will need around US$20-30 per
day, while those staying in comfortable hotels and eating at
tourist restaurants will need at least US$75 per day - add another
US$50 per day if you hire a car. Rates at all-inclusive resorts
begin at $300.
The Jamaican Dollar is the only legal tender, though prices are
often quoted in US dollars, which are widely accepted. European
currencies are generally frowned upon so its best to have US dollar
travelers cheques. All major brands of travelers cheques and credit
cards are accepted in Jamaica. You can exchange money at banks,
licensed exchange bureaus and hotels, though the rate at hotels is
usually 2% to 5% below the bank rate. Plenty of Jamaicans will
approach you to change Jamaican dollars on the black market. This
is illegal.
The Government charges a 15% General Consumption Tax on hotel and
restaurant bills and most purchases from shops. Most hotels add an
additional 10% service charge. A 10% tip is considered normal in
most hotels and restaurants, though some restaurants add a 10% to
15% service charge, in which case there is no need to leave an
additional tip. Most prices in shops are fixed but bargaining
(higgling) at street stalls and markets is expected. Bargaining
occasionally gets a bit brusque so do your best to keep things good
natured.