Durrant Pate/ Contributor

Jamaica’s Net International Reserves (NIR) continued their record-breaking run, surging to US$6.73 billion as at January 31, 2026.

This is up US$441.33 million over the previous month, when the NIR was at US$6.29 billion at the end of December 2025. Currently, the country’s foreign exchange reserves are US$1.23 billion, or 22.36% more than the US$5.50 billion held by the Bank of Jamaica (BOJ) at the end of January 2025. 

The current NIR supports approximately 55.83 weeks of goods imports and 36.06 weeks of goods and services imports. The BOJ, which is the custodian of the country’s international reserves, reports that its Foreign Assets totalled US$6.74 billion, which is US$441.45 million more than the US$6.30 billion reported in December 2025.

‘Currency & Deposits’ held by the BOJ as at January 31, 2026, amounted to US$3.58 billion, reflecting an increase of US$29.33 million compared to the US$3.55 billion reported in December 2025. ‘Securities’ were valued at US$2.91 billion; US$412.02 million more than the US$2.50 billion reported at the end of December 2025. 

Jamaica’s Special Drawing Rights with the International Monetary Fund (IMF) increased to US$206.53 million relative to the US$206.77 million recorded a month prior. Special drawing rights are supplementary foreign exchange reserve assets defined and maintained by the IMF and represent a claim to currency held by IMF member countries for which they may be exchanged. 

The country’s ‘IMF Reserve Position’ increased to US$37.79 million from the US$37.46 million reported last month.

Liabilities to the IMF increased to reach US$13.04 million, reflecting a US$0.12 million rise.