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BoJ profit increased to J$6.2 billion from January 1 to March 25

The Bank of Jamaica's profit jumped to J$6.2 billion during the period January 1 to March 25 this year. 
 
The bank's assets during the period increased to J$1.15 trillion or 33 per cent of nominal GDP, compared with $1.1 trillion or 34 per cent of GDP on March 24 last year. 
 
This was due to a spike in its foreign assets to $912.6 billion in March, compared with $805.4 billion for the corresponding period last year. 
 
The central bank's local assets dropped, however, to $241.9 billion this year from $287.2 billion for the corresponding period last year.
 


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