The Bank of Jamaica auctioned another fixed rate 6.75% per annum certificate of deposit for $50 billion on Wednesday.
The move comes as the BOJ attempts to reduce the level of liquidity or money in the system and contain inflation.
Some $47.5 billion of this amount will be allocated on a competitive bidding basis, while $2.5 billion will be allocated on a non-competitive basis.
The central bank says all private sector bids must be submitted on a competitive basis.
The settlement date is December 13 and the maturity or payment will be January 10 as the tenure of the instrument is 28 days.
The interest on the certificate of deposit is taxable and the minimum bid amount is $100,000.
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