Durrant Pate/ Contributor

Jamaica’s Net International Reserves continued its record upward climb, rising to US$6.15 billion as of the end of last month, reflecting an increase of US$37.74 million compared to the US$6.11 billion reported at the end of the previous month of July.

The country’s foreign exchange reserves closed the month of August at US$1.14 billion, or 23% more than the US$5 billion held by the Bank of Jamaica (BOJ). The current NIR supports approximately 50.96 weeks of goods imports and 31.82 weeks of goods and services imports.

Data from the BOJ shows Jamaica’s Foreign Assets totalling US$6.18 billion, which is US$38.03 million more than the US$6.14 billion reported in July 2025. Currency & Deposits held by the BOJ as at August 31, 2025, amounted to US$3.45 billion, reflecting an increase of US$58.81 million compared to the US$3.39 billion reported in July 2025.

Securities were valued at US$2.46 billion, which is US$10.72 million less than the US$2.47 billion reported at the end of July 2025. Jamaica’s Special Drawing Rights (SDR)with the International Monetary Fund (IMF) went down to US$218.86 million relative to the US$229.30 million recorded a month prior.

SDRs are supplementary foreign exchange reserve assets defined and maintained by the IMF and are units of account for the IMF and not a currency per se. SDRs represent a claim to currency held by IMF member countries for which they may be exchanged.

Jamaica’s IMF Reserve Position increased to US$37.43 million from the US$37.06 million registered last month. Liabilities to the IMF jumped by US$0.29 million to US$29.07 million against the US$28.78 million reported at the end of July 2025.