Posted 1 year ago
I bought property in Jamaica in '73, just as the communist took control under Michael Manley. With the chaos that ensued, as a foreigner, you had to be stupid if you couldn't make big money as everybody who had anything was fleeing. Most don't know the country was communist during this 8 yr. period as the soviets wouldn't put money in there since they already had Cuba to the north. In the early to mid '70's, the Jamaican dollar was officially rated higher than the U.S. $ at $1.26 U.s. for a Jamaican $. The exodus of wealth started & now the Ja $ is 85 to 1 U.S. $. As a Jamaican said to me in those days, "Mon doesn't run from good". Fortunes were made moving money out, & I did.
The 50 cent bill is certainly rare now. We carried rolls of them in our pockets as a beer was only 50c in the early days.
My account of those 15 yrs is just way too long to convey here. Jason, I'm mailing these to you so I can diminish my collection stuff & add it to your collection of "stuff".