Bank of Jamaica
The Bank of Jamaica intervened in the foreign exchange market again on Thursday with another US$30 million.
This latest intervention came after the central bank pumped a similar US$30 million on Wednesday, but this amount was significantly below market demand.
The bank revealed that 50 bids, valued at US$82.3 million, were submitted but it accepted only 20 for the US$30 million it auctioned.
The lowest settlement price was J$157.87 to US$1.
Treasury Bill
The central bank also said applications, valued at J$3.7 billion, were submitted for the J$700 million it was seeking to borrow for the 90-day Treasury Bill, which matures on July 11 this year.
Applications worth J$3.9 billion were tendered for the J$700 million it was seeking for the 182-day Treasury Bill, which matures on October 10.
The average yield was 5.54% per annum for each instrument.
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