The Bank of Jamaica will be offering another 30-day fixed rate certificate of deposit on Wednesday in order to take another $45 billion out of circulation as it struggles to stabilise the exchange rate.
The dollar fell to J$160.23 to US$1 at the end of trading on Monday.
Financial institutions and members of the public who take up this offer will be paid 6% interest per annum, but this will be taxed up at 25%.
The instrument will mature on June 27 this year.
All feeds
