The Bank of Jamaica (BOJ) intervened in the foreign exchange market with another US$30 million on Wednesday due to the high demand in response to a similar intervention Tuesday.
National Commercial Bank Jamaica bought US$5.5 million, followed by GraceKennedy Trading with US$3.8 million and VM Group US$3.5 million.
First Global Bank, Sagicor Bank Jamaica, Citibank Jamaica, Bank of Nova Scotia and Mayberry Group each purchased US$2 million.
JMMB Bank snapped up US$1.5 million.
Meanwhile, the central bank is also reporting that 218 bids valued at almost US$27 billion were submitted for the US$15 billion it wanted to take out of circulation on Wednesday.
The bank, however, says it accepted only US$147 bids for its 30-day instrument issued to help stabilise the dollar.
The institutions and individuals who provided this money will be given a certificate of deposit which will attract an interest rate of 6% per year, to be taxed at 25%.
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