October 11, 2023

BOJ has reported that Jamaica’s Net International Reserves as at September 30, 2023 stood at US$4,716.57 million, reflecting a increase of US$324.46 million when compared to the US$4,392.10 million reported at the end of August 2023.

Foreign Assets totalled US$4,846.60 million, US$308.48 million more than the US$4,538.13 million reported in August 2023.

‘Currency & Deposits’ held by the BOJ as at September 30, 2023 totalled US$3,150.45 million, reflecting a increase of US$306.82 million compared to the US$2,843.62 million reported in August 2023.

‘Securities’ were valued at US$1,564.33 million; US$4.43 million more than the US$1,559.90 million reported at the end of August 2023.  The country’s Special Drawing Rights decreased to US$95.86 million relative to the US$98.22 million recorded a month prior.

‘IMF Reserve Position’ decreased to US$35.96 million from the US$36.37 million reported last month. Liabilities to the IMF fell US$15.99 million to US$130.03 million against the US$146.02 million reported at the end of August 2023.

At its current value, the nation’s international reserve is US$909.27 million or 24% higher than the US$3,807.30 million held by the BOJ on September 30, 2022. The current NIR supports approximately 37.40 weeks of goods imports and 25.59 weeks of goods and services imports.

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