Jamaica’s International Reserves jump US$92m

Jamaica’s Net International Reserves rose US$92 million to from US$3.116 billion at the end of November last to US$3.2 billion at the end of December, Bank of Jamaica reported.
The latest reported level of reserves amount to 40.14 weeks of goods imports and 23.25 weeks of goods and services Imports, the report from the country’s central bank stated.
BOJ did not state how the increase arose, IC Insider.com monitoring of the daily foreign exchange trading, shows that dealers were selling off excess foreign currency in December.

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