The Bank of Jamaica (BOJ) intervened in the foreign exchange market with U$40 million on Friday morning.
The central bank instructed dealers to sell these funds to end users at no more than 20 cents above the buying price.
A total of 48 bids valued at US$85.6 million were submitted but only 25 were accepted.
JMMB Bank purchased $8 million; followed by Victoria Mutual Building Society with $6 million; Sagicor Bank $5.5 million; GraceKennedy Currency Trading Services, $5.51 million; and Bank of Nova Scotia, $5 million.
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