Advertisement

BOJ intervenes in forex market for second straight day

The Bank of Jamaica intervened in the foreign exchange market on Thursday with another US$30 million.
 
This is the second consecutive day following Wednesday's intervention with another US$30 million and the mopping up of $46 billion in liquidity.
 
The move comes as the bank tries to contain exchange rate depreciation and inflation.
 
VMBS and JMMB Bank Jamaica Limited snapped up US$6 million each, followed by NCBJ with US$5.5 million.


comments powered by Disqus
Most Popular
Spirit Airlines exits bankruptcy with new...
Patterson in no position to criticise the...