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BOJ pumps US$30 million into forex market

The Bank of Jamaica intervened in the foreign currency market on Wednesday.
 
The central bank pumped US$30 million into the system, in a B-FXITT flash sale.
 
Eight banks and four cambios were successful in their bids.
 
The larger shares went to First Global Bank, Grace Kennedy Currency Trading Services and Barita Investments.
 
This is the second intervention since the start of the month. 
 
After Wednesday's intervention, the Jamaican dollar gained 9 cents against the US currency.
 
Trading ended with banks and cambios selling the American dollar for an average $157.47.
 
The Canadian dollar is being sold for $115.22. 
 
The average value of the Pound is $195.54, while the Euro is going for $171.71.
 


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