The Bank of Jamaica has revealed that it sold about US$1.1 billion to the foreign exchange market between November last year and November this year — the same amount sold during the previous twelve-month period.
Despite those sales, the central bank says it still purchased roughly one billion US dollars more than it sold over the same period.
The Bank of Jamaica adds that it will continue to act proactively to maintain stability in the foreign exchange market, warning that instability and speculative activity can drive higher prices across the wider economy.
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