Financial institutions have reduced their debt to the Bank of Jamaica (BoJ) by $2 billion.
The Central Bank's latest balance sheet released on Wednesday show that on September 8, total monies owed by financial institutions stood at just over $12 billion.
The money was borrowed at the height of the global financial crisis in 2008, to meet payment obligations to overseas financial entities.
At that time, the BoJ had set aside US$300 million to help the financial houses meet their obligations.
However, only about $170 million of that amount was actually used.
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