Jamaica’s foreign exchange (FX) market was augmented earlier this week to the tune of US$30 million by the Bank of Jamaica (BOJ), which intervened in the market.
This latest intervention through the BOJ’s B-FXITT Flash Auction comes after last week’s FX intervention paused. The US$30 million offered for sale to Authorized Dealers and select Cambios.
The institutions that were successful at the auction are:
|Institution||Successful Allocation (US$ mil)||Settlement Price|
|JMMB Bank (Jamaica) Limited||4.00||154.94|
|First Global Bank Limited||4.00||154.94|
|Bank of Nova Scotia Ja. Ltd.||4.00||154.94|
|JN Bank Limited||4.00||154.94|
|Victoria Mutual Building Society||1.50||154.94|
|Sagicor Bank Jamaica Ltd||1.00||154.94|
|Cornerstone Trust & Merchant Bank Limited||0.40||154.94|
|Barita Investments Limited||5.00||154.94|
|GraceKennedy Currency Trading Services Limited||3.50||154.94|
|Proven Wealth Limited||1.60||154.94|
|Alliance Financial Services Limited||0.50||154.94|
|Mayberry Investments Limited||0.50||154.94|