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Reminder: Demonetization of Old Cotton Banknotes » Bank of Jamaica

Summary by Bank of Jamaica
REMINDER: BANK OF JAMAICA DEMONETIZES OLD COTTON BANKNOTES Bank of Jamaica wishes to remind the public that, effective 1 July 2025, the old cotton banknotes comprised of the $5000, $1000, $500, $100 and $50 denominations will no longer be legal tender. This means that they will no longer be able to be used for transactions for goods and services.  Notwithstanding this, Bank of Jamaica will continue to redeem the old cotton banknotes for face va…
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Bank of Jamaica broke the news in on Tuesday, May 13, 2025.
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