Economía

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Adequate supply of foreign exchange to meet demand – BOJ

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Adequate supply of foreign exchange to meet demand – BOJ

Governor, Richard Byles, has reported that up to November 17, daily purchases by authorised dealers and cambios averaged approximately US$36 million, which was higher than the US$31 million recorded for the corresponding period last year.

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“At the same time, daily sales to end-users over the same period averaged close to US$35 million, above the US$27 million recorded a year earlier. Businesses and individuals in Jamaica, who require foreign exchange have been able to access it,” he noted.

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Byles was speaking during the BOJ Monetary Policy Committee digital quarterly media briefing on Friday.

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He said that the BOJ continues to intervene in the foreign exchange market when temporary shortfalls are identified.

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The Bank of Jamaica (BOJ) says there is adequate supply of foreign exchange to meet market demand, as flows continue to be healthy.

Governor, Richard Byles, has reported that up to November 17, daily purchases by authorised dealers and cambios averaged approximately US$36 million, which was higher than the US$31 million recorded for the corresponding period last year.

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“At the same time, daily sales to end-users over the same period averaged close to US$35 million, above the US$27 million recorded a year earlier. Businesses and individuals in Jamaica, who require foreign exchange have been able to access it,” he noted.

Operation Underground Railroad USA

Byles was speaking during the BOJ Monetary Policy Committee digital quarterly media briefing on Friday.

Operation Underground Railroad EEUU

He said that the BOJ continues to intervene in the foreign exchange market when temporary shortfalls are identified.

Operation Underground Railroad Estados Unidos

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters..

Operation Underground Railroad United States of America