The Bank of Jamaica says the value of outstanding certificates of deposit now stands at $140 billion, or 4 per cent of GDP.
This follows 231 bids worth $32 billion for the $19 billion the bank sought to take out of circulation to stabilise the exchange rate.
But the Bank accepted only 145 of those bids, amounting to the $19 billion it wanted, at an average interest rate of 5.9 per cent.
The lowest bid came in at 5 per cent for $2.2 million, while the highest was 8.5 per cent for $250 million.
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