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BOJ: Foreign currency market remained stable over the last 12 months

Bank of Jamaica Governor Richard Byles
 
The Bank of Jamaica says the country's foreign currency market remained stable over the last 12 months.
 
Central bank governor Richard Byles, says the value of the local currency fell by an average 1.4 per cent.
 
The central bank intervened in the market, in a bid to reduce undue volatility.
 
Mr Byles, speaking at the BOJ's Quarterly Press Briefing last week, said there were also increases in private money market rates.
 
 
 


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