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From the Archives | When 'Butch' Stewart pleaded to save the dollar

In 1992, hotelier Gordon ‘Butch’ Stewart was one of the drivers of the initiative to defend the value of the Jamaican dollar

In 1992, hotelier Gordon ‘Butch’ Stewart was one of the drivers of the initiative to defend the value of the Jamaican dollar.

At the time, the dollar had come under severe pressure from foreign exchange speculators.

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Butch would sell his company’s foreign currency into the formal banking system at a set rate.

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That became known as the ‘Save the Dollar’ initiative.

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Radio Jamaica covered Stewart‘s defence of the drive

LISTEN HERE

The Gleaner · ‘Butch’ Stewart pleads to save the dollar – 1992