The Bank of Jamaica intervened in the foreign exchange market with US$30 million on Tuesday in order to help contain the slide in the value of the dollar and its negative impact on prices, inflation and total spending.
The bank says it received 43 bids for US$69.9 million, but it accepted only 18 of these bids for the US$30 million it pumped into the market, resulting in unsatisfied demand of US$39.1 million.
The lowest bids were between J$160.38 and J$160.39 for US$1.
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