Jamaica enjoyed a week of strong net inflows on the FX front
The inflows brought the net inflows to US$93.9 million for the month, moving the reserves to $2.437 billion from $2.34 at the end of November.
Reserves now amount to 33.37 in Weeks of Goods Imports, up from 31.80 weeks and 22.98 weeks in reserves of Goods & Services Imports up from 21.90 weeks from the November amounts a release from Bank of Jamaica disclosed.
Bank of Jamaica confirmed that for the December 2015 quarter the net purchase by them amounted to US$137.48 million. The intake by the bank helped to build up the reserves.
