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Jamaica's NIR continues to decline

Jamaica's Net International Reserves continue to fall from the US5.27 billion to which it climbed as at the end of September.
 
This due to the central bank's heavy intervention in the foreign exchange market since the start of this month. 
 
The BoJ intervened with US$90 million last week but the dollar still traded above J$159 to the US$1.00, indicating a major gap between the demand and supply of foreign exchange.


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