The Bank of Jamaica intervened in the foreign exchange market with US $30 million on Thursday in order to help stabilise the dollar.
The Jamaican currency fell to $161.90 on Wednesday, although the Bank of Jamaica took $31.5 billion out of circulation.
A one per cent fall in the value of the Jamaican dollar against the US dollar leads to an increase in public debt of $14 billion and additional $600 million in interest charges.
Some 62 per cent of the debt is denominated in US dollars.
The value of the Jamaican dollar has so far declined by three per cent since the start of the year and means that $42 billion will be added to the debt stock at the end of the fiscal year.
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