JAM | May 18, 2023

BOJ makes US$30 million FX intervention

/ Our Today

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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:

InstitutionSuccessful Allocation (US$ mil)Settlement Price
JMMB Bank (Jamaica) Limited4.00154.94
First Global Bank Limited4.00154.94
Bank of Nova Scotia Ja. Ltd.4.00154.94
JN Bank Limited4.00154.94
Victoria Mutual Building Society1.50154.94
Sagicor Bank Jamaica Ltd1.00154.94
Cornerstone Trust & Merchant Bank Limited0.40154.94
Barita Investments Limited5.00154.94
GraceKennedy Currency Trading Services Limited3.50154.94
Proven Wealth Limited1.60154.94
Alliance Financial Services Limited0.50154.94
Mayberry Investments Limited0.50154.94


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