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BoJ accepted 23 bids for US$30 million on Friday

The Bank of Jamaica says 42 bids, valued at US$59.5 million were submitted for the US$30 million it pumped into the foreign exchange market on Friday.
 
The BOJ's move was aimed at stabilising the dollar and keeping the inflation rate within its 4% to 6% target range. 
 
The bank also says it accepted only 23 of the bids submitted at an average exchange rate of $158.53.
 


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