Jamaica's monetary base (notes and coins in circulation plus the current account of the commercial banks and their statutory cash reserves held at the central bank) climbed by $11 billion to $427.5 billion as at the end of September from $416.5 billion at the end of August this year.
This was due to an increase in the amount of paper money in circulation by $815 million to $275.2 billion in September (from $274.4 billion in August).
The amount of coins in circulation also climbed by $121.3 million to $7.4 billion in September (from $7.2 billion in August).
The statutory reserves of the commercial banks also climbed by $1.1 billion to $76.9 billion in September (from $75.7 billion in August), while the amount of money in their current accounts jumped by $8.9 billion to $67.9 billion in September, from $59 billion in August.
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