Jamaican dollar

Anyway, long story short, um, the currency has huge implications for, um, for, for debt and vice versa.

Because if your debt balloons and your debt to GDP gets, it's swollen and it's not addressed, then your currency is just gonna depreciate like crazy, because investors are going to look at that and say, "Why would I hold J assets?"

Mm-hmm.

Even the Jamaicans, when Jamaicans don't want J and they want US assets, no, they're talking about buying imports now, you know? Within with the capit- same capital thing.

Yeah.

Within the capital account.

So when Jamaicans don't want J and Jamaicans only want US assets, that's gonna cause the J to depreciate because of capital flows.

Yeah.

The company has fallen behind on interest payments on a $900 million bond and is seeking up to six months of relief.

Fosrich recorded losses of more than 444 million JMD in the first half of this year, while revenue fell by nearly half to $812 million.

The company is cutting costs, closing branches and exploring refinancing options to get its finances back on track.

Shareholders are expected to receive an update at the company's AGM on October 27th.

Can't remember.

How long ago was that? Okay, so we spoke a good while back regarding, um, the buying and selling of the USD stock to the JMD side.

Remember that conversation? If it's-

I, yeah.

You get me? The man with the bigger money, a billion-dollar worth of shares or $500 million worth of shares, him would have seen more value out of the deal.

So that person would be more inclined to say yes based upon the deal them a get, because what he did a trade a X, now he at a trade a Y.

And then when him look on the real return where them can get raw cash in a them account right now, JMD or USD, pick and choose-

Yeah