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NIR at $3.3 Billion – Jamaica Information Service


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Speaking at the BOJ’s digital quarterly media briefing on May 21, Mr. Byles noted that additionally, since March 2020, the Bank has purchased US$1.9 billion locally via market surrenders, which pay for government debt servicing and some energy imports.
He indicated that total BOJ Foreign Exchange Intervention & Trading Tool (B-FXITT) flash sale operations, to date, since the onset of the COVID-19 crisis in March 2020, has amounted to US$411 million.
“Similarly, daily sales to end-users averaged US$28.2 million since the start of 2021, above the average of US$25.2 million a year earlier,” he further informed.
Bank of Jamaica (BOJ) Governor, Richard Byles, says the country’s net international reserves (NIR) remain healthy, amounting to US$3.3 billion, as at the end of April. ....

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