Bank of Jamaica announced that they will be auctioning off US$10 million in each of the next four foreign exchange auction (B-FXITT).
The amount allocated will start next Wednesday, September 27 and end Wednesday October 18. The weekly amounts translate to $40 million and compares with US$65 million made available by BOJ over the past four weeks.
According to the central bank, “each entity may submit up to three bids in the operation. In order to maintain eligibility to access B-FXITT operations each authorized dealer and selected cambio must submit at least one bid. The total value of all bids submitted by each entity must not exceed 20 percent of the auction offer size
US$40m for BOJ FX auction
September 22, 2017 by
