National Weekly November 21, 2019

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NATIONAL WEEKLY | THURSDAY, NOV 21 – NOV 27, 2019 | VOL. 16 NO. 46

N E T W O R K T H E

M O S T

W I D E L Y

C I R C U L A T E D

C A R I B B E A N

A M E R I C A N

N E W S P A P E R

I N

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F L O R I D A

JAMAICA

Dollar Jamaican Currency Hits Rock Bottom by Sheri-Kae McLeod and Garth A. Rose

Jamaicans at home and in the diaspora are experiencing a tumultuous time financially, with the Jamaican dollar hitting an all-time low exchange rate of over $142 to USD $1 in early November.

Dale V.C. Holness Makes History As Broward County's First Jamaican-American Mayor Another Jamaican-American made political history in South Florida on Tuesday when Dale V.C. Holness, Vice Mayor of Broward County and District 9 commissioner, was elected unanimously by the commission to serve as the county's new mayor for the year ending in November 2020. Mayor Holness was sworn in by Senior Pastor of the Faith Center Ministries, Henry Fernandez. The mayor's son Daylan, held the Bible on which he swore the oath of office before a standing-room-only crowd. The Broward County Charter stipulates that Commissioners, elected from single-member districts, vote annually in November for the position of Mayor and Vice Mayor. Holness is the first Jamaican-American to serve as Mayor of Broward County, or any Florida

country. He was first elected to the county commission in 2010 to represent District 9, which includes a population in excess of 200,000 residents and covers over eight municipalities. Mayor Holness told the CNW that despite not being elected by county residents as in MiamiDade, the one-year term mayorship isn't any less effective. “Holding the position of county mayor comes with far, far more responsibility than being a commissioner. Although the functioning of the Broward County Commission is very strong, the mayor is the face of the county and its administration. As mayor, it will be my responsibility to set the county's agenda for the next year and ensure the role of the county's management and administration is effective in meeting the needs of all county residents.” Holness says one of his missions as mayor is to

– Mayor Holness

continues on B4 – Mayor Holness

continues on B4 – Dollar Woes

WHAT’S INSIDE NEWSMAKER

STRICTLY LEGAL

DOMINICA’S PM SEEKS FOURTH CONSECUTIVE ELECTION WIN A3

IMMIGRATION FEES TO INCREASE DRAMATICALLY A6

The massive slide began in early October, when the Jamaican dollar steadily slipped from $134.80 to $141.10 on November 5—a depreciation of $6.30 or 4.6 percent. In the days following, it went above $142 for the first time ever, causing panic among residents, small business owners, and Jamaicans in the diaspora. Jamaican living overseas, particularly in the U.S., who are dependent on receiving payments like pensions, investment dividends, and proceeds from property rented in Jamaica, are negatively impacted when their money is worth much less in U.S. dollars. Though a fluctuation in any currency is normal, it is understandable why Jamaicans are experiencing anxiety. The rapidly devaluing dollar means residents pay more for locally priced goods and businesses importing goods have to spend and charge their customers more.

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ENTERTAINMENT

SPORTS

STAR-STUDDED ALL-FEMALE LINEUP FOR BEST OF THE BEST B2

FRASER-PRYCE AMONG FINALISTS FOR IAAF FEMALE PLAYER OF THE YEAR C3


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