The Bank of Jamaica (BOJ) has revealed that in the month of June the Jamaican dollar revalued by $1.45 against the US greenback during trading.

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On Monday the local currency began trading at $128.62 , from $130.07 on June 1st.

It represented one of the largest monthly appreciation of the dollar, which re-entered $128 territory, in years.

The dollar is responding in part to a weaker US dollar, which has lost gains made since US president Donald Trump came to office, and also a new BOJ auction system.

Meanwhile, the British Pound Sterling closed at $166.58 from $168.16 on June 1st, while the Canadian dollar closed at $99.39 from $97.09.