Bank of Jamaica’s announcement on Wednesday that they would intervene in the forex market on Thursday, led to heavy volume of US dollar being bought and sold, with dealers buying US$79.2 million and selling US$75 million, the rate for selling the US dollar slipped back by 3 cents Jamaican to J$112.71, compared with J$112.74 on Wednesday. Dealers bought a total of US$81 million in all currencies and sold US$77 million.
