The Bank of Jamaica on Friday intervened in the foreign exchange market for the 26th time this year.
The central bank pumped another US$30 million in the market in order to help stabilise the dollar, which had been under heavy pressure before Hurricane Melissa.
This comes after it intervened with US$30 million on Thursday, pushing the total value of interventions to US$710 million since the start of the year.
The central bank has also taken $145.5 billion out of circulation with its 6% per annum certificates of deposits since the start of the year.
The devastating impact of Hurricane Melissa on the agricultural sector and the economy will lead to an even greater demand for foreign exchange to purchase goods and services as well as more pressure on the dollar.
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