The Bank of Jamaica will be pulling another $15 billion from circulation on Wednesday as part of efforts to stabilise the local currency.
To do this, the central bank says it will issue a new 28-day fixed rate Certificate of Deposit paying 6% interest per annum.
The private sector will be competing for $14.25 billion while $750 million will be allocated to the public sector.
The instrumental mature in August 8 and the interest earned will be subject to a 25% tax.
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