Jamaica's net international reserves (NIR) fell by US$67.6 million to US$6.13 billion at the end of October, down from US$6.14 billion at the end of September, as the Bank of Jamaica continued heavy intervention in the foreign exchange market to stabilise the dollar.
The decline was driven by a drop in the countries foreign assets, which include currency, deposits and security as held at the Federal Reserve Bank of New York, as well as special drawing rights at the IMF.
These assets decreased by US$76.84 million to US$6.15 billion.
Mineral foreign liabilities declined slightly by US$21,000, moving from US$22.65 million in September to US$22.44 million at the end of October.
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