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Bank of Jamaica intervenes in forex market again

The Bank of Jamaica has intervened in the foreign exchange market for the fourth time since the start of the year.
 
On Tuesday, the bank sold US30 million to authorized dealers and cambios in a flash sale operation.
 
Five banks and five cambios were successful in the auction.
 
Scotia Bank, JMMB, National Commercial Bank and JMMB Securities received the largest share, at a settlement price of $154.23.
 
The BOJ has added US$110 million to the foreign currency market since the start of the year.
 


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