BOJ sells US$80m up to J$129.91


Bank of Jamaica has USD80 million through its new Foreign Exchange auction system between May 4th to 9th to Authorised and Cambios Dealers.
The central Bank sates that after inviting bids for USD on Tuesday, the Bank through its Trading Room sold US$30 million to Authorised Dealers and Cambios at a rate of J$129.91 to US$1. On Thursday, May 4th and Friday, May 5th, the Bank sold US$50 million to Authorised Dealers and Cambios via its trading room. On May 4, US$30 million was sold at $129.85 and on the 5th US$20 million was sold at the same rate.

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