Does FX flows justify J$ slippage?

The Jamaican dollar has been slipping against the US dollar coinciding with the demands at the summer holidays for Jamaicans travelling overseas and yet the total inflows of currencies over the last two weeks saw US$18,226,074 more being bought than sold. the decision of the country’s central bank to hike their compulsory take from the dealers to 25 percent from 15 percent last year would have had a negative impact on the rate of exchange between the US dollar versus the Jamaican dollar.
On Friday June 26, dealers bought the equivalent of US$109,789,460 or US$23,322,004 more than the amount sold and they ended up with net purchase of US dollar currency alone amounting to US$21 million. For the week commencing Monday June 22 to Thursday 25th dealers sold US$4.7 million in United States currency more than they purchased.
Dealer bought a net of $6.4 million dollars in British Pound and the Canadian dollars for the week from June 22 to the 26th and for the week ending July 3, a net of US$9.2 million was taken in in British Pound and Canadian dollars, for a total net purchase of non US dollar to nearly US$16 million equivalent. A net of US$12.57 million was paid out in US dollar trades for the July 3 week, thus reducing the surplus from the previous week to just US$8.6 million.
The country is in a period of good inflows of foreign exchange but there may be less US dollar inflows than in earlier in the year. The better flows should end in August or early September.