In the past nine (9) years, the Jamaican dollar has depreciated by an average of 2.9% per year relative to the US dollar. This is by far the lowest rate of currency depreciation under any political administration since Independence. Under the PNP, the dollar depreciated by an average of 8.5% annually. The worst currency depreciation took place under the PNP administration of 1989-2007. When they assumed office in 1989, the exchange rate was J$5.51 to US$1. When they left in 2007, the dollar had