Bank of Jamaica will start the purchase of foreign exchange through their B-fxitt auctions with two weekly purchases scheduled for April announced in the banks four week forecast.
Since the end of November last year, Bank of Jamaica has had just two auctions of foreign exchange amounting to a total sale of $40 million.
The latest release on the banks foreign exchange market activity, show no sale planned over the next four weeks. The bank for the first time will have an auction to buy foreign currency from the market. Two B-fxitt auctions are so far announced for April, amounting to US$17 million, broken down into US$5 million on Wednesday April 11 and US$12 million on April 18.
BOJ to buy US$17m from market
March 28, 2018 by
