1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 19.3604 JMD (Jamaican Dollar). It is the official currency of Jamaica, an island nation located in the Carribean. The JMD is denoted by the symbol $. 1 JMD (Jamaican Dollar) is subdivided into 100 Cents. JMD is pegged to none. The new JMD (Jamaican Dollar) differs from all other dollars in the British West Indies because it was based on the half-pound sterling. All other dollars were founded on either the US Dollar or the Spanish Dollar. The issue of the currency JMD is controlled and governed by the Bank of Jamaica.