US$65m slated for sale by BOJ

The Bank will be offering USD65 million over the next four weeks in its foreign exchange auction to eligible Authorised Dealers and Cambios.
The amount represents an increase over the quantity offered in August of US$35 million prior to the amount to be auctioned on Wednesday, 30 August.
September is usually a period when inflows tend to dip below normal levels and may be the reason why the amounts to be offered have been increased.
The weekly schedule outlined by the BOJ is: US$5 million on Wednesday, 30 August, the same amount as last week, US$10 million on Wednesday, September 6, US$20 million on September 13 and US$30 million on September 20.
The central bank is only returning to the market amounts it would have taken under the compulsory surrender of 25 percent from Authorised Dealers and Cambios during the month. It is unclear as to the reasons why Bank of Jamaica has not reduced their compulsory take from the market. In 200 the central bank hiked the amount when the price of oil was around US$100 a barrel as the amount to fund Petrojam was being provided by BOJ. Now that the price is around U$50 why is the weekly take not reduced?
In 2009, Bank of Jamaica established the Foreign Exchange Surrender Facility for public sector entities (PSE Facility). The aim of the facility is to centralize foreign currency demand of the public sector, especially Port Authority of Jamaica, National Water Commission and Petrojam. Under this facility Commercial Banks agreed to surrender fifteen percent (15%) of foreign currency purchases daily. The pre-existing requirement where Authorized Dealers and Cambios surrender within range of five percent (5%) to ten percent (10%) of their gross foreign currency purchases from commercial clients remains in effect. Therefore commercial banks are to surrender, in total between twenty percent (20%) to twenty-five percent (25%) of foreign currency purchases daily. At the start of 2015, the surrender requirements were increased thirty percent to thirty-five percent for Authorised dealers and twenty-five percent for cambios.

BOJ auction rate climbs to $129.15

Bank of Jamaica (BOJ) offer of US$5 million offer of it foreign exchange auction attracted 33 bids amounting to $15.2 million with rates as high as $129.42. The average of all bids made was $128.94 but the auction cleared at $128.97 with 11 bids accepted, at an average at $129.15.
The out turn in the daily foreign exchange market resulted in the US dollar selling rate ending at J$128.73 from J$128.54 previously. Dealers bought the US currency at an average of J$127.59, versus J$127.12 on Tuesday.
In the previous auction held on August 16, BOJ offer of US$10 million attracted 38 bids amounting to US$28.2 million at an average rate of $128.67. The average rate of 17 accepted bids was $128.74.
At the official start of the auctioning of foreign exchange BOJ announced that it will make US$10 million dollars available to authorized dealers and eligible cambios on Wednesdays up to August 16, totalling US$40 million. It is not clear why BOJ dropped the amount to US$5 million in the latest offer.

Jamaican economy throwing up goodies

The Jamaican economy seems to be humming along pretty well, based on a number of critical measures that are available as well a physical evidence seen elsewhere.
There seems to be increased traffic around the corporate area at various times of the day, even when school is closed, thus reducing much of the normal peak hours traffic. Information from the Tourism sector is that visitor arrivals have climbed sharply since the winter months. There is strong evidence of increased construction activities with buildings be constructed across the length and breathe of Kingston and elsewhere in the country for commercial and residential purposes.
An examination of government’s statistical data is confirming some of these developments. Corporate taxes are up 33 percent over 2016 for the first 3 months of the fiscal year, an indication of higher sales and profit being generated. Education tax is running 7.7 percent ahead of projections and 13 percent above last year’s intake. Contractors levy is up over 2016 by 27.5 percent ahead of forecast, to reach $391 million and some 33 percent ahead of the intake for 2016 of $293 million, a good indicator of the health of the construction sector.
Traditional Exports are holding their own but with a slight fall in earnings for January to April 2017 of 1.5 per cent or US$3.4 million below the comparable 2016 period to US$216 million, but Non–Traditional Exports in the same period grew 36.2 percent or US$51 million above the US$140.9 million earned in the 2016 to reach US$192 million. Traditional exports should get a boost in the second half of the year with the resumption of alumina production at Alpart. Another critical indicator of increased health of the local economy is the second largest number of persons employed within a one year period of 35,500, for the twelve months to March 2017, only bettered by increased employment of 40,500 more persons between March 2015 and 2016,

The Hampshire Apartments complex being built by Guardian Life.

this number could have be swollen by persons employed due to the general elections that were held in February and staid on until sometime after. The 2017 numbers of newly employed, compares favourably with 2007 with 36,500 newly employed, 2006 with 41,900, 2005 with 35,500, but well below the 72,700 newly employed between April 2002 and 2003. Bank credit has expanded to one of the fastest pace for some time with an increase of 17 percent to $495.759 for banks excluding that was not so clarified in 2016. The growth is well over the approximately 4 percent inflation over the period.
Of course, business confidence is at record levels, as investors pump more investments into the local stock market, driving it to new record highs on the last day of July, with increases expected in the months ahead.
Recent data in the forex market shows it generating strong net inflows with the local currency enjoying some revaluation after a slight fall earlier in the year.

BOJ forex auction clears at $128.26

Add your HTML code here...

Jamaica’s Central Bank head quarters Downtown Kingston


The exchange rate for the purchase on US$10 million on sale by Bank of Jamaica in its first official forex auction of US dollars, held on Wednesday, ended with an average of JS$128.26. The highest rate of a successful bid was J$128.30.
The rate contrast with the first auction done as a trial run, that was executed at an average rate of $128.76. Interestingly, the average selling rate that the US dollar was sold at on Wednesday in the interdealer forex market ended at an average of $128.2173 with the highest selling rate going at $147.60.
A total of 41 bids were received amounting to US$26.18 million and a total of 13 bids were accepted by the central bank. Bids are restricted to a maximum of 20 percent per institution for the amount offered with the minimum US$100,000. The highest accepted rate was $128.50 to purchase US$1,600,000. The lowest bid received was $128.30 that was partially allocated while the lowest bid fully allocated was $128.35 that purchased US$5,050,000.
Bank of Jamaica will make US$10 million dollars available to authorized dealers and eligible cambios by competitive bidding process each Wednesday, from Wednesday July 26 through Wednesday August 16, a total of US$40 million for the first four‐week period. The Bank will publish a report from each B‐BXITT operation on the same day, including the weighted average exchange rate arising from the operation.
The next forex intervention auction sale for US dollars is scheduled for Wednesday August 2, with settlement on Thursday August 3.

Jam$ gains on reduced trading

The Jamaican dollar recorded further gains at the close of foreign exchange Tuesday with the selling rate of J$128.46 for one US dollar, down from J$128.50 it ended at on Monday.
Inflows into the local foreign exchange market generated just US$23.84 million in all currencies while US$22.52 million was sold to the public. In USA dollar trading, inflows into the system ended at US$21.54 million while selling amounted to only US$20.36 million. Inflows are well down on the US$61 million that entered the system last week Tuesday and outflows the US$46 million of all currencies then traded.
The selling rate for the Canadian dollar inched up to J$99.01 compared to J$98.94 at the close on Monday, while the British Pound cost more at the close on Tuesday with J$166.91 buying the British currency versus J$166.38 on Monday but the Jamaican dollar gained value against the euro, with it taking J$145.20 to buy the European common currency on Tuesday versus Monday’s rate of J$146.61.

Jam$ starts July with more gains

The Jamaican dollar recorded further gains on the first trading day of July and closed Monday with the selling rate of J$128.50 for one US dollar down from J$128.62 it ended June at. Inflows into the local foreign exchange market generated US$51 million in all currencies while US$46 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$46 million while selling amounted to US$41 million. Inflows are slightly ahead of those for the first Monday in June but outflows are up a bit for the United States currency as well as for all currencies traded.
The selling rate for the Canadian dollar dipped to J$98.94 compared to J$99.39 at the close on Friday while the British Pound cost slightly less at the close on Friday with J$166.39 buying the British currency versus J$166.58 on Friday and the Jamaican dollar also gained value against the euro, with it taking J$ 146.61 to buy the European common currency on Friday versus Friday’s J$147.94.

Jamaican dollar strengthens

Authorised and cambio dealers sold US$10 million more than they bought on Thursday, an amount similar to the amount the central bank sold in their first monthly auction of US dollars trading, on Wednesday.
The increased take by the public did not have an adverse effect on the rate for trading the United States currency.
The Jamaican dollar that is set to close out June with a higher value than at the start of the month, gained more ground versus the United States dollar at the close on Thursday. The selling rate for the US dollar dipped to J$128.73 to US$1 as US dollar, down from J$128.81 on Wednesday. The buying rate for the US dollar fell to JS$127.95 from $128.16 at the end of trading on Wednesday.
Inflows of United States dollars reached US$36.58 million and selling $46.69 million. Overall foreign exchange of all currencies entering the market totaled the equivalent of US$45.3 million with US$53.2 million sold.
The selling rate for the Canadian dollar rose to J$99.07 compared to J$98.14 at the close on Wednesday while the British Pound cost slightly more at the close on Thursday with J$165.40 buying the British currency versus J$165.10 on Wednesday and the Jamaican dollar gained value against the euro, with it taking J$146.66 to buy the European common currency on Thursday versus Wednesday’s J$147.25.
Inflows in June is set to exceed out flows by a good level. With July being one of the best months for inflows of foreign exchange, the value of the local currency should see further gains in the days ahead, with the surplus for the month being higher than for June.

US$10M sold by BOJ at J$128.76

The average exchange rate for the US dollar offered by Bank of Jamaica in the B‐FXITT PILOT sale of foreign exchange ended at $128.76 with 41 bids received from eligible Authorised Dealers and Cambios by Jamaica’s central bank, covering US$16.82 million chasing US$10 million offered by the Central Bank on Wednesday, 28 June.
The highest bid received was $129.60 to buy US$100,000 which was successful in getting the full amount applied for, with the lowest being J$127.50 to purchase US$100,000. The lowest bids that were fully allocated amounted to US$1.82 million at J$128.60, while the bid that was partially allocated was at $128.55.
The trade today follows Bank of Jamaica announced yesterday, “that Effective 26 July 2017, Bank of Jamaica will commence selling foreign exchange (FX) to Authorized Dealers (ADs) and eligible cambios via a competitive bidding process”.
“The introduction of this new framework will follow a pilot exercise on 28 June 2017. Under this process, the BOJ Foreign Exchange Intervention & Trading Tool (B-FXITT), BOJ will pre-announce, up to four weeks ahead, the quantity of FX that it intends to sell to the market on Wednesday of each week. All ADs and eligible cambios will be invited to submit bids to purchase FX from Bank of Jamaica at exchange rates that they specify. The Bank will publish a report from each operation on the same day, including the weighted average exchange rate arising from the operation, and will also introduce the publication of midday weighted average exchange rates. The Bank may also sell foreign exchange to ADs and eligible cambios outside of this weekly schedule if circumstances merit.
At yesterday’s foreign exchange trading, dealers and cambios bought the US dollar from the market at an average of J$128.25 with highest rate being J$129.

Jamaican dollar records more gains

The Jamaican dollar gained more ground versus the United States dollar on Monday with the selling rate dipped to J$128.89 to US$1 as US dollar inflows reached US$45.15 million and selling accounted for $39.14.
Inflows were just US$1 less than entered the market on Monday June 19. Overall, total foreign exchange of all currencies entering the market totaled US$50.79 million with US$42.2 million sold.
The buying rate for the US dollar fell to JS$128 from $128.15 at the end of trading on Friday.
The selling rate for the Canadian dollar declined to J$97.32 compared to J$97.83 at the close on Friday while the British Pound cost more at the close on Monday with J$163.71 buying the British currency versus J$162.63 on Friday and the Jamaican dollar gained value against the euro it taking J$144.89 to buy the European common currency on Monday versus Friday’s J$145.84.

Jamaican$ gains strenght

The Jamaican dollar regain more lost grounds against the United States dollar on Friday, with the selling rate ending at $129.01, down from $129.15 on Thursday as authorized dealers sold US$26.36 million against purchase of US$38.4 million at an average rate of $128.15.
Dealers bought a total of US$44.89 million in all currencies and sold the equivalent of US$30.6 million. For the week $216.84 was purchased by dealers, up from $209 million, the week before and they sold $182 million, down from $200 million sold in the prior week, resulting in a surplus of $35 million for the week and US$64 million for the month since June 5. In United States dollars trading, dealers purchased US$200 million and sold $164 million during the week, for a net surplus of $36 million, compared to US$180 million bought and US$174 million sold the previous week, a net of just $5 million. For the month since June 5, net inflows of US$55 million came into the system.

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.