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BOJ again intervenes in foreign exchange market

The Bank of Jamaica intervened in the foreign exchange market with another US$40 million on Monday morning.
 
The move follows its US$40 million intervention last Friday, which was significantly below the market demand for US$85 million.
 
The central bank instructed authorized dealers to sell the money to end users at no more than J$0.20 above the buying rate.
 
The minimum bid size or the minimum amount which could be applied for was US$100,000.


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