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JAM | Mar 13, 2026

Jamaica’s NIR continues its record climb

/ Our Today

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Jamaica’s Net International Reserves (NIR) continues its record climb, closing the month of February at an all-time high of US$6.80 billion.

This is an increase of US$72.51 million compared to the previous all-time high of US$6.73 billion reported at the end of January 2026. The current NIR supports approximately 55.92 weeks of goods imports and 36.20 weeks of goods and services imports.

Foreign Assets totalled US$6.81 billion, US$72.44 million more than the US$6.74 billion reported in January 2026. ‘Currency & Deposits’ held by the Bank of Jamaica as at February 28, 2026, totalled US$3.65 billion, reflecting an increase of US$69.73 million compared to the US$3.58 billion reported in January 2026.

‘Securities’ were valued at US$2.93 billion, which is US$16.17 million more than the US$2.91 billion reported at the end of January 2026. Jamaica’s Special Drawing Rights with the International Monetary Fund (IMF) went down to US$193.26 million last month, relative to US$206.53 million a month prior. 

The country’s ‘IMF Reserve Position’ contracted to US$37.60 million from US$37.79 million in the previous month. Liabilities to the IMF declined to US$12.98 million, reflecting a US$0.07 million decrease.

Currently, the country’s foreign exchange reserves are US$1.33 billion, 24.32% higher than the US$5.47 billion held by the BOJ at the end of February 2025. 

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