Business
JAM | Feb 13, 2023

BOJ makes US$30-million FX intervention

/ Our Today

administrator
Reading Time: < 1 minute
The Bank of Jamaica in downtown Kingston. (Photo: JIS)

Jamaica’s foreign exchange market last week benefitted from a US$30-million intervention by the Bank of Jamaica (BOJ).

This intervention was executed under the BOJ’s B-FXITT Flash Auction with the foreign exchange being sold to authorised dealers and select cambios through a B-FXITT Flash Auction. The settlement price was J$154.55 to US$1.

The institutions that were successful at the auction are:

InstitutionSuccessful Allocation (US$ mil)Settlement Price
Banks  
JN Bank Limited
First Caribbean International Bank Ja. Ltd
First Global Bank Limited
Sagicor Bank Jamaica Ltd
Victoria Mutual Building Society
Citibank Jamaica Ltd
Cornerstone Trust & Merchant Bank Limited
4.50
4.00
3.00
2.00
2.00
0.90
0.60
154.55
154.55
154.55
154.55
154.55
154.55
154.55
Cambios  
GraceKennedy Currency Trading Services Limited
Barita Investments Limited
Wintraders Limited
JMMB Securities Limited
Alliance Financial Services Limited
Mayberry Investments Limited
5.00
4.50
1.60
0.78
0.63
0.50
154.55
154.55
154.55
154.55
154.55
Total30.00154.55

Comments

What To Read Next