KINGSTON, Jamaica - The foreign exchange market remains relatively stable, reflecting continued strong tourism revenue and remittance inflows, as well as the effect of actions taken by the Bank of Jamaica (BOJ). Governor, Richard Byles, made the disclosure during the Central Bank’s Quarterly Monetary Policy Press Conference at the BOJ on Wednesday. “To prevent undue volatility in the foreign exchange market, BOJ has sold approximately US$907 million via its B-FXITT.
The foreign exchange market remains relatively stable, reflecting continued strong tourism revenue and remittance inflows, as well as the effect of actions taken by the Bank of Jamaica (BOJ). BOJ Governor Richard Byles made the disclosure during.